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$301,616$247,500
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$1,508$0
Note rate6.360%7.320%
Blended rate6.360%7.560%
1st payment$1,964.31$1,700.15
2nd payment$0.00$0.00
Taxes / mo$80.29$80.29
Insurance / mo$150.00$150.00
MI / mo$0.00$49.50
HOA / mo$275.00$275.00
Total monthly$2,469.60$2,254.94
Cash to close$0$27,500