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$317,731$279,000
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$1,589$0
Note rate6.860%7.320%
Blended rate6.860%7.560%
1st payment$2,109.92$1,916.54
2nd payment$0.00$0.00
Taxes / mo$87.92$87.92
Insurance / mo$150.00$150.00
MI / mo$0.00$55.80
HOA / mo$35.00$35.00
Total monthly$2,382.84$2,245.25
Cash to close$0$31,000