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$302,961$215,100
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$1,515$0
Note rate6.640%7.320%
Blended rate6.640%7.560%
1st payment$1,998.02$1,477.59
2nd payment$0.00$0.00
Taxes / mo$146.93$146.93
Insurance / mo$150.00$150.00
MI / mo$0.00$43.02
HOA / mo$0.00$0.00
Total monthly$2,294.96$1,817.54
Cash to close$0$23,900