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$291,933$282,600
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$1,460$0
Note rate7.620%7.400%
Blended rate7.620%7.640%
1st payment$2,121.51$1,956.67
2nd payment$0.00$0.00
Taxes / mo$205.42$205.42
Insurance / mo$150.00$150.00
MI / mo$0.00$56.52
HOA / mo$35.00$35.00
Total monthly$2,511.92$2,403.60
Cash to close$22,067$31,400