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$284,362$212,400
Remaining term (yrs)23.530.0
Secondary amount$0$0
Funding fee$1,422$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$1,966.66$1,470.61
2nd payment$0.00$0.00
Taxes / mo$51.83$51.83
Insurance / mo$150.00$150.00
MI / mo$0.00$42.48
HOA / mo$14.50$14.50
Total monthly$2,183.00$1,729.43
Cash to close$0$23,600