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$316,355$297,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$1,582$0
Note rate6.900%7.400%
Blended rate6.900%7.640%
1st payment$2,139.79$2,056.37
2nd payment$0.00$0.00
Taxes / mo$352.25$352.25
Insurance / mo$150.00$150.00
MI / mo$0.00$59.40
HOA / mo$0.00$0.00
Total monthly$2,642.04$2,618.02
Cash to close$13,645$33,000