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$337,497$247,500
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$1,687$0
Note rate7.060%7.400%
Blended rate7.060%7.640%
1st payment$2,309.21$1,713.64
2nd payment$0.00$0.00
Taxes / mo$320.17$320.17
Insurance / mo$150.00$150.00
MI / mo$0.00$49.50
HOA / mo$394.00$394.00
Total monthly$3,173.38$2,627.31
Cash to close$0$27,500