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$334,707$306,000
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$1,674$0
Note rate6.490%7.320%
Blended rate6.490%7.560%
1st payment$2,165.74$2,102.01
2nd payment$0.00$0.00
Taxes / mo$93.92$93.92
Insurance / mo$150.00$150.00
MI / mo$0.00$61.20
HOA / mo$0.00$0.00
Total monthly$2,409.65$2,407.12
Cash to close$5,293$34,000