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$329,344$283,499
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$1,647$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$2,171.53$1,962.89
2nd payment$0.00$0.00
Taxes / mo$325.50$325.50
Insurance / mo$150.00$150.00
MI / mo$0.00$56.70
HOA / mo$139.00$139.00
Total monthly$2,786.03$2,634.09
Cash to close$0$31,500