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$297,156$279,000
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$1,486$0
Note rate7.040%7.320%
Blended rate7.040%7.560%
1st payment$2,016.00$1,916.54
2nd payment$0.00$0.00
Taxes / mo$302.58$302.58
Insurance / mo$150.00$150.00
MI / mo$0.00$55.80
HOA / mo$190.00$190.00
Total monthly$2,658.58$2,614.91
Cash to close$12,844$31,000