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$300,271$219,600
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$1,501$0
Note rate6.920%7.320%
Blended rate6.920%7.560%
1st payment$2,072.21$1,508.50
2nd payment$0.00$0.00
Taxes / mo$76.24$76.24
Insurance / mo$150.00$150.00
MI / mo$0.00$43.92
HOA / mo$0.00$0.00
Total monthly$2,298.45$1,778.66
Cash to close$0$24,400