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$227,711$129,195
Remaining term (yrs)23.830.0
Secondary amount$0$0
Funding fee$1,139$0
Note rate3.160%7.400%
Blended rate3.160%7.640%
1st payment$1,131.64$894.52
2nd payment$0.00$0.00
Taxes / mo$108.00$108.00
Insurance / mo$150.00$150.00
MI / mo$0.00$25.84
HOA / mo$0.00$0.00
Total monthly$1,389.64$1,178.36
Cash to close$0$14,355