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$338,689$247,500
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$1,693$0
Note rate6.390%7.320%
Blended rate6.390%7.560%
1st payment$2,204.28$1,700.15
2nd payment$0.00$0.00
Taxes / mo$369.50$369.50
Insurance / mo$150.00$150.00
MI / mo$0.00$49.50
HOA / mo$116.00$116.00
Total monthly$2,839.78$2,385.15
Cash to close$0$27,500