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$301,959$251,910
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$1,510$0
Note rate6.850%7.400%
Blended rate6.850%7.640%
1st payment$2,001.35$1,744.17
2nd payment$0.00$0.00
Taxes / mo$102.92$102.92
Insurance / mo$150.00$150.00
MI / mo$0.00$50.38
HOA / mo$0.00$0.00
Total monthly$2,254.26$2,047.47
Cash to close$0$27,990