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$351,129$207,000
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$1,756$0
Note rate7.220%7.400%
Blended rate7.220%7.640%
1st payment$2,455.97$1,433.23
2nd payment$0.00$0.00
Taxes / mo$241.92$241.92
Insurance / mo$150.00$150.00
MI / mo$0.00$41.40
HOA / mo$0.00$0.00
Total monthly$2,847.88$1,866.54
Cash to close$0$23,000