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$299,107$220,410
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$1,496$0
Note rate6.85%7.18%
Blended rate6.85%7.42%
1st payment$1,987.96$1,493.13
2nd payment$0.00$0.00
Taxes / mo$11.25$11.25
Insurance / mo$150.00$150.00
MI / mo$0.00$44.08
HOA / mo$50.00$50.00
Total monthly$2,199.21$1,748.47
Cash to close$0$24,490