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$331,485$306,000
Remaining term (yrs)21.230.0
Secondary amount$0$0
Funding fee$1,657$0
Note rate6.490%7.400%
Blended rate6.490%7.640%
1st payment$2,394.77$2,118.68
2nd payment$0.00$0.00
Taxes / mo$124.96$124.96
Insurance / mo$150.00$150.00
MI / mo$0.00$61.20
HOA / mo$0.00$0.00
Total monthly$2,669.73$2,454.85
Cash to close$8,515$34,000