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$324,035$242,100
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$1,620$0
Note rate6.870%7.320%
Blended rate6.870%7.560%
1st payment$2,183.18$1,663.06
2nd payment$0.00$0.00
Taxes / mo$507.33$507.33
Insurance / mo$150.00$150.00
MI / mo$0.00$48.42
HOA / mo$94.33$94.33
Total monthly$2,934.84$2,463.14
Cash to close$0$26,900