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$328,812$220,500
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$1,644$0
Note rate4.000%7.400%
Blended rate4.000%7.640%
1st payment$1,709.39$1,526.70
2nd payment$0.00$0.00
Taxes / mo$86.31$86.31
Insurance / mo$150.00$150.00
MI / mo$0.00$44.10
HOA / mo$0.00$0.00
Total monthly$1,945.70$1,807.11
Cash to close$0$24,500