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$324,441$242,100
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$1,622$0
Note rate6.350%7.400%
Blended rate6.350%7.640%
1st payment$2,065.68$1,676.25
2nd payment$0.00$0.00
Taxes / mo$3.92$3.92
Insurance / mo$150.00$150.00
MI / mo$0.00$48.42
HOA / mo$96.00$96.00
Total monthly$2,315.60$1,974.59
Cash to close$0$26,900