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$339,295$279,000
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$1,696$0
Note rate7.500%7.400%
Blended rate7.500%7.640%
1st payment$2,436.23$1,931.74
2nd payment$0.00$0.00
Taxes / mo$576.08$576.08
Insurance / mo$150.00$150.00
MI / mo$0.00$55.80
HOA / mo$96.00$96.00
Total monthly$3,258.31$2,809.62
Cash to close$0$31,000