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$255,101$180,000
Remaining term (yrs)22.730.0
Secondary amount$0$0
Funding fee$1,276$0
Note rate3.7%7.24%
Blended rate3.7%7.48%
1st payment$1,380.39$1,226.70
2nd payment$0.00$0.00
Taxes / mo$184.75$184.75
Insurance / mo$150.00$150.00
MI / mo$0.00$36.00
HOA / mo$360.00$360.00
Total monthly$2,075.14$1,957.45
Cash to close$0$20,000