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$321,737$292,500
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$1,609$0
Note rate7.090%7.400%
Blended rate7.090%7.640%
1st payment$2,209.85$2,025.21
2nd payment$0.00$0.00
Taxes / mo$270.83$270.83
Insurance / mo$150.00$150.00
MI / mo$0.00$58.50
HOA / mo$25.00$25.00
Total monthly$2,655.69$2,529.54
Cash to close$3,263$32,500