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$310,353$251,100
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,552$0
Note rate6.490%7.400%
Blended rate6.490%7.640%
1st payment$2,003.93$1,738.57
2nd payment$0.00$0.00
Taxes / mo$240.42$240.42
Insurance / mo$150.00$150.00
MI / mo$0.00$50.22
HOA / mo$0.00$0.00
Total monthly$2,394.34$2,179.20
Cash to close$0$27,900