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$293,668$269,100
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$1,468$0
Note rate6.810%7.400%
Blended rate6.810%7.640%
1st payment$1,945.92$1,863.19
2nd payment$0.00$0.00
Taxes / mo$175.50$175.50
Insurance / mo$150.00$150.00
MI / mo$0.00$53.82
HOA / mo$0.00$0.00
Total monthly$2,271.41$2,242.51
Cash to close$5,332$29,900