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$296,851$283,500
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$1,484$0
Note rate7.070%7.400%
Blended rate7.070%7.640%
1st payment$2,053.25$1,962.90
2nd payment$0.00$0.00
Taxes / mo$304.83$304.83
Insurance / mo$150.00$150.00
MI / mo$0.00$56.70
HOA / mo$0.00$0.00
Total monthly$2,508.07$2,474.42
Cash to close$18,149$31,500