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$288,304$193,500
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,442$0
Note rate6.350%7.320%
Blended rate6.350%7.560%
1st payment$1,835.60$1,329.21
2nd payment$0.00$0.00
Taxes / mo$349.58$349.58
Insurance / mo$150.00$150.00
MI / mo$0.00$38.70
HOA / mo$100.00$100.00
Total monthly$2,435.18$1,967.49
Cash to close$0$21,500