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$306,734$282,600
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$1,534$0
Note rate7.230%7.400%
Blended rate7.230%7.640%
1st payment$2,153.82$1,956.67
2nd payment$0.00$0.00
Taxes / mo$334.83$334.83
Insurance / mo$150.00$150.00
MI / mo$0.00$56.52
HOA / mo$0.00$0.00
Total monthly$2,638.65$2,498.02
Cash to close$7,266$31,400