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$326,804$220,500
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$1,634$0
Note rate6.150%7.320%
Blended rate6.150%7.560%
1st payment$2,087.86$1,514.68
2nd payment$0.00$0.00
Taxes / mo$151.42$151.42
Insurance / mo$150.00$150.00
MI / mo$0.00$44.10
HOA / mo$0.00$0.00
Total monthly$2,389.27$1,860.20
Cash to close$0$24,500