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$127,019$80,910
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$635$0
Note rate7.220%7.400%
Blended rate7.220%7.640%
1st payment$884.19$560.20
2nd payment$0.00$0.00
Taxes / mo$115.08$115.08
Insurance / mo$150.00$150.00
MI / mo$0.00$16.18
HOA / mo$0.00$0.00
Total monthly$1,149.27$841.47
Cash to close$0$8,990