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$315,084$265,500
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$1,575$0
Note rate6.150%7.320%
Blended rate6.150%7.560%
1st payment$2,010.45$1,823.80
2nd payment$0.00$0.00
Taxes / mo$32.75$32.75
Insurance / mo$150.00$150.00
MI / mo$0.00$53.10
HOA / mo$0.00$0.00
Total monthly$2,193.20$2,059.65
Cash to close$0$29,500