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$288,304$202,500
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$1,442$0
Note rate6.350%7.400%
Blended rate6.350%7.640%
1st payment$1,835.60$1,402.07
2nd payment$0.00$0.00
Taxes / mo$349.58$349.58
Insurance / mo$150.00$150.00
MI / mo$0.00$40.50
HOA / mo$100.00$100.00
Total monthly$2,435.18$2,042.15
Cash to close$0$22,500