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$235,016$175,499
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$1,175$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$1,549.58$1,215.12
2nd payment$0.00$0.00
Taxes / mo$188.17$188.17
Insurance / mo$150.00$150.00
MI / mo$0.00$35.10
HOA / mo$0.00$0.00
Total monthly$1,887.74$1,588.39
Cash to close$0$19,500