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$313,112$306,000
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$1,566$0
Note rate7.220%7.320%
Blended rate7.220%7.560%
1st payment$2,190.06$2,102.01
2nd payment$0.00$0.00
Taxes / mo$166.58$166.58
Insurance / mo$150.00$150.00
MI / mo$0.00$61.20
HOA / mo$0.00$0.00
Total monthly$2,506.64$2,479.79
Cash to close$26,888$34,000