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$212,970$99,000
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$1,065$0
Note rate6.54%7.24%
Blended rate6.54%7.48%
1st payment$1,409.64$674.68
2nd payment$0.00$0.00
Taxes / mo$65.58$65.58
Insurance / mo$150.00$150.00
MI / mo$0.00$19.80
HOA / mo$473.00$473.00
Total monthly$2,098.22$1,383.07
Cash to close$0$11,000