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$304,206$276,300
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$1,521$0
Note rate6.79%7.24%
Blended rate6.79%7.48%
1st payment$2,021.51$1,882.98
2nd payment$0.00$0.00
Taxes / mo$183.75$183.75
Insurance / mo$150.00$150.00
MI / mo$0.00$55.26
HOA / mo$260.00$260.00
Total monthly$2,615.26$2,531.99
Cash to close$2,794$30,700