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$257,574$180,000
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$1,288$0
Note rate6.340%7.400%
Blended rate6.340%7.640%
1st payment$1,616.47$1,246.28
2nd payment$0.00$0.00
Taxes / mo$50.75$50.75
Insurance / mo$150.00$150.00
MI / mo$0.00$36.00
HOA / mo$0.00$0.00
Total monthly$1,817.22$1,483.03
Cash to close$0$20,000