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$216,072$157,500
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$1,080$0
Note rate6.690%7.400%
Blended rate6.690%7.640%
1st payment$1,417.51$1,090.50
2nd payment$0.00$0.00
Taxes / mo$255.25$255.25
Insurance / mo$150.00$150.00
MI / mo$0.00$31.50
HOA / mo$0.00$0.00
Total monthly$1,822.76$1,527.25
Cash to close$0$17,500