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$294,337$279,000
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$1,472$0
Note rate7.090%7.400%
Blended rate7.090%7.640%
1st payment$2,023.60$1,931.74
2nd payment$0.00$0.00
Taxes / mo$658.92$658.92
Insurance / mo$150.00$150.00
MI / mo$0.00$55.80
HOA / mo$0.00$0.00
Total monthly$2,832.52$2,796.46
Cash to close$15,663$31,000