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$220,698$152,910
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$1,103$0
Note rate5.300%7.400%
Blended rate5.300%7.640%
1st payment$1,306.58$1,058.72
2nd payment$0.00$0.00
Taxes / mo$278.33$278.33
Insurance / mo$150.00$150.00
MI / mo$0.00$30.58
HOA / mo$0.00$0.00
Total monthly$1,734.91$1,517.63
Cash to close$0$16,990