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$223,040$175,500
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$1,115$0
Note rate6.73%7.18%
Blended rate6.73%7.42%
1st payment$1,477.85$1,188.90
2nd payment$0.00$0.00
Taxes / mo$55.42$55.42
Insurance / mo$150.00$150.00
MI / mo$0.00$35.10
HOA / mo$0.00$0.00
Total monthly$1,683.27$1,429.41
Cash to close$0$19,500