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$308,884$243,000
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$1,544$0
Note rate6.820%7.400%
Blended rate6.820%7.640%
1st payment$2,077.43$1,682.48
2nd payment$0.00$0.00
Taxes / mo$281.42$281.42
Insurance / mo$150.00$150.00
MI / mo$0.00$48.60
HOA / mo$706.00$706.00
Total monthly$3,214.85$2,868.50
Cash to close$0$27,000