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$188,114$72,000
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$941$0
Note rate6.39%7.24%
Blended rate6.39%7.48%
1st payment$1,225.75$490.68
2nd payment$0.00$0.00
Taxes / mo$85.50$85.50
Insurance / mo$150.00$150.00
MI / mo$0.00$14.40
HOA / mo$416.00$416.00
Total monthly$1,877.25$1,156.58
Cash to close$0$8,000