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$294,805$145,800
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$1,474$0
Note rate5.1%7.24%
Blended rate5.1%7.48%
1st payment$1,715.61$993.62
2nd payment$0.00$0.00
Taxes / mo$105.25$105.25
Insurance / mo$150.00$150.00
MI / mo$0.00$29.16
HOA / mo$533.00$533.00
Total monthly$2,503.86$1,811.03
Cash to close$0$16,200