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$287,191$270,000
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$1,436$0
Note rate7.230%7.400%
Blended rate7.230%7.640%
1st payment$2,016.59$1,869.43
2nd payment$0.00$0.00
Taxes / mo$393.00$393.00
Insurance / mo$150.00$150.00
MI / mo$0.00$54.00
HOA / mo$21.00$21.00
Total monthly$2,580.59$2,487.43
Cash to close$12,809$30,000