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$304,893$224,100
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$1,524$0
Note rate6.630%7.400%
Blended rate6.630%7.640%
1st payment$2,008.80$1,551.62
2nd payment$0.00$0.00
Taxes / mo$205.58$205.58
Insurance / mo$150.00$150.00
MI / mo$0.00$44.82
HOA / mo$0.00$0.00
Total monthly$2,364.38$1,952.03
Cash to close$0$24,900