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$314,468$279,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$1,572$0
Note rate6.350%7.400%
Blended rate6.350%7.640%
1st payment$2,002.18$1,931.74
2nd payment$0.00$0.00
Taxes / mo$108.83$108.83
Insurance / mo$150.00$150.00
MI / mo$0.00$55.80
HOA / mo$0.00$0.00
Total monthly$2,261.01$2,246.37
Cash to close$0$31,000