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$316,975$283,500
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$1,585$0
Note rate6.430%7.400%
Blended rate6.430%7.640%
1st payment$2,068.59$1,962.90
2nd payment$0.00$0.00
Taxes / mo$250.83$250.83
Insurance / mo$150.00$150.00
MI / mo$0.00$56.70
HOA / mo$255.00$255.00
Total monthly$2,724.42$2,675.43
Cash to close$0$31,500