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$313,434$293,400
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$1,567$0
Note rate6.710%7.400%
Blended rate6.710%7.640%
1st payment$2,099.25$2,031.44
2nd payment$0.00$0.00
Taxes / mo$59.42$59.42
Insurance / mo$150.00$150.00
MI / mo$0.00$58.68
HOA / mo$100.00$100.00
Total monthly$2,408.66$2,399.54
Cash to close$12,566$32,600