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$284,473$234,000
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$1,422$0
Note rate7.020%7.400%
Blended rate7.020%7.640%
1st payment$1,940.79$1,620.17
2nd payment$0.00$0.00
Taxes / mo$153.83$153.83
Insurance / mo$150.00$150.00
MI / mo$0.00$46.80
HOA / mo$65.00$65.00
Total monthly$2,309.62$2,035.80
Cash to close$0$26,000