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$322,944$238,500
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$1,615$0
Note rate7.080%7.400%
Blended rate7.080%7.640%
1st payment$2,259.58$1,651.33
2nd payment$0.00$0.00
Taxes / mo$471.25$471.25
Insurance / mo$150.00$150.00
MI / mo$0.00$47.70
HOA / mo$102.00$102.00
Total monthly$2,982.83$2,422.28
Cash to close$0$26,500