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$294,320$270,000
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$1,472$0
Note rate6.660%7.320%
Blended rate6.660%7.560%
1st payment$1,948.98$1,854.71
2nd payment$0.00$0.00
Taxes / mo$200.42$200.42
Insurance / mo$150.00$150.00
MI / mo$0.00$54.00
HOA / mo$37.00$37.00
Total monthly$2,336.39$2,296.13
Cash to close$5,680$30,000