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$279,204$161,100
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$1,396$0
Note rate6.700%7.400%
Blended rate6.700%7.640%
1st payment$1,887.44$1,115.42
2nd payment$0.00$0.00
Taxes / mo$193.25$193.25
Insurance / mo$150.00$150.00
MI / mo$0.00$32.22
HOA / mo$50.00$50.00
Total monthly$2,280.69$1,540.89
Cash to close$0$17,900