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$393,841$301,500
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$1,969$0
Note rate6.99%7.24%
Blended rate6.99%7.48%
1st payment$2,681.79$2,054.72
2nd payment$0.00$0.00
Taxes / mo$296.50$296.50
Insurance / mo$150.00$150.00
MI / mo$0.00$60.30
HOA / mo$120.00$120.00
Total monthly$3,248.29$2,681.52
Cash to close$0$33,500