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$324,063$225,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$1,620$0
Note rate6.640%7.400%
Blended rate6.640%7.640%
1st payment$2,137.19$1,557.85
2nd payment$0.00$0.00
Taxes / mo$90.10$90.10
Insurance / mo$150.00$150.00
MI / mo$0.00$45.00
HOA / mo$350.00$350.00
Total monthly$2,727.29$2,192.96
Cash to close$0$25,000