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$295,447$280,800
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$1,477$0
Note rate7.070%7.400%
Blended rate7.070%7.640%
1st payment$2,043.53$1,944.20
2nd payment$0.00$0.00
Taxes / mo$216.00$216.00
Insurance / mo$150.00$150.00
MI / mo$0.00$56.16
HOA / mo$83.00$83.00
Total monthly$2,492.53$2,449.36
Cash to close$16,553$31,200