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$308,382$279,000
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$1,542$0
Note rate7.020%7.320%
Blended rate7.020%7.560%
1st payment$2,103.90$1,916.54
2nd payment$0.00$0.00
Taxes / mo$187.75$187.75
Insurance / mo$150.00$150.00
MI / mo$0.00$55.80
HOA / mo$3,500.00$3,500.00
Total monthly$5,941.65$5,810.09
Cash to close$1,618$31,000