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$312,736$259,200
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,564$0
Note rate6.350%7.400%
Blended rate6.350%7.640%
1st payment$1,991.15$1,794.65
2nd payment$0.00$0.00
Taxes / mo$240.00$240.00
Insurance / mo$150.00$150.00
MI / mo$0.00$51.84
HOA / mo$310.00$310.00
Total monthly$2,691.15$2,546.49
Cash to close$0$28,800