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$318,966$310,500
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$1,595$0
Note rate7.310%7.400%
Blended rate7.310%7.640%
1st payment$2,254.33$2,149.84
2nd payment$0.00$0.00
Taxes / mo$2.25$2.25
Insurance / mo$150.00$150.00
MI / mo$0.00$62.10
HOA / mo$15.00$15.00
Total monthly$2,421.58$2,379.19
Cash to close$26,034$34,500