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$318,092$243,000
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$1,590$0
Note rate6.280%7.320%
Blended rate6.280%7.560%
1st payment$2,050.58$1,669.24
2nd payment$0.00$0.00
Taxes / mo$102.00$102.00
Insurance / mo$150.00$150.00
MI / mo$0.00$48.60
HOA / mo$0.00$0.00
Total monthly$2,302.58$1,969.84
Cash to close$0$27,000