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$309,865$310,500
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$1,549$0
Note rate7.500%7.400%
Blended rate7.500%7.640%
1st payment$2,224.91$2,149.84
2nd payment$0.00$0.00
Taxes / mo$484.14$484.14
Insurance / mo$150.00$150.00
MI / mo$0.00$62.10
HOA / mo$33.00$33.00
Total monthly$2,892.05$2,879.08
Cash to close$35,135$34,500