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$291,390$269,996
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$1,457$0
Note rate6.820%7.400%
Blended rate6.820%7.640%
1st payment$1,959.77$1,869.39
2nd payment$0.00$0.00
Taxes / mo$355.75$355.75
Insurance / mo$150.00$150.00
MI / mo$0.00$54.00
HOA / mo$578.00$578.00
Total monthly$3,043.52$3,007.14
Cash to close$8,605$30,000