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$323,500$308,250
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$1,618$0
Note rate7.220%7.400%
Blended rate7.220%7.640%
1st payment$2,262.72$2,134.26
2nd payment$0.00$0.00
Taxes / mo$285.42$285.42
Insurance / mo$150.00$150.00
MI / mo$0.00$61.65
HOA / mo$33.33$33.33
Total monthly$2,731.47$2,664.66
Cash to close$19,000$34,250