Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$242,703$171,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$1,214$0
Note rate6.330%7.400%
Blended rate6.330%7.640%
1st payment$1,576.04$1,183.97
2nd payment$0.00$0.00
Taxes / mo$224.83$224.83
Insurance / mo$150.00$150.00
MI / mo$0.00$34.20
HOA / mo$77.00$77.00
Total monthly$2,027.88$1,670.00
Cash to close$0$19,000