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$305,248$278,100
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$1,526$0
Note rate6.5%7.24%
Blended rate6.5%7.48%
1st payment$1,953.09$1,895.25
2nd payment$0.00$0.00
Taxes / mo$96.50$96.50
Insurance / mo$150.00$150.00
MI / mo$0.00$55.62
HOA / mo$0.00$0.00
Total monthly$2,199.59$2,197.37
Cash to close$3,752$30,900