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$313,789$283,500
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$1,569$0
Note rate6.440%7.320%
Blended rate6.440%7.560%
1st payment$2,009.69$1,947.45
2nd payment$0.00$0.00
Taxes / mo$262.50$262.50
Insurance / mo$150.00$150.00
MI / mo$0.00$56.70
HOA / mo$20.00$20.00
Total monthly$2,442.19$2,436.65
Cash to close$1,211$31,500