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$320,925$225,720
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$1,605$0
Note rate6.940%7.400%
Blended rate6.940%7.640%
1st payment$2,218.88$1,562.84
2nd payment$0.00$0.00
Taxes / mo$132.20$132.20
Insurance / mo$150.00$150.00
MI / mo$0.00$45.14
HOA / mo$0.00$0.00
Total monthly$2,501.07$1,890.18
Cash to close$0$25,080