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$358,599$247,500
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$1,793$0
Note rate6.490%7.320%
Blended rate6.490%7.560%
1st payment$2,370.57$1,700.15
2nd payment$0.00$0.00
Taxes / mo$212.33$212.33
Insurance / mo$150.00$150.00
MI / mo$0.00$49.50
HOA / mo$65.00$65.00
Total monthly$2,797.91$2,176.99
Cash to close$0$27,500