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$288,297$188,550
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$1,441$0
Note rate7.080%7.400%
Blended rate7.080%7.640%
1st payment$2,017.16$1,305.48
2nd payment$0.00$0.00
Taxes / mo$258.08$258.08
Insurance / mo$150.00$150.00
MI / mo$0.00$37.71
HOA / mo$97.00$97.00
Total monthly$2,522.25$1,848.28
Cash to close$0$20,950