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$326,990$247,500
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$1,635$0
Note rate7.08%7.24%
Blended rate7.08%7.48%
1st payment$2,292.93$1,686.71
2nd payment$0.00$0.00
Taxes / mo$255.92$255.92
Insurance / mo$150.00$150.00
MI / mo$0.00$49.50
HOA / mo$406.00$406.00
Total monthly$3,104.85$2,548.12
Cash to close$0$27,500