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$310,590$2,070
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$1,553$0
Note rate6.700%7.400%
Blended rate6.700%7.640%
1st payment$2,097.15$14.33
2nd payment$0.00$0.00
Taxes / mo$1.92$1.92
Insurance / mo$150.00$150.00
MI / mo$0.00$0.41
HOA / mo$219.00$219.00
Total monthly$2,468.07$385.66
Cash to close$0$230