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$317,349$211,500
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$1,587$0
Note rate3.550%7.400%
Blended rate3.550%7.640%
1st payment$1,580.99$1,464.38
2nd payment$0.00$0.00
Taxes / mo$19.00$19.00
Insurance / mo$150.00$150.00
MI / mo$0.00$42.30
HOA / mo$85.00$85.00
Total monthly$1,834.99$1,760.68
Cash to close$0$23,500