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$325,210$247,500
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,626$0
Note rate6.850%7.400%
Blended rate6.850%7.640%
1st payment$2,178.13$1,713.64
2nd payment$0.00$0.00
Taxes / mo$414.80$414.80
Insurance / mo$150.00$150.00
MI / mo$0.00$49.50
HOA / mo$43.33$43.33
Total monthly$2,786.25$2,371.27
Cash to close$0$27,500