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$291,604$283,500
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$1,458$0
Note rate7.07%7.18%
Blended rate7.07%7.42%
1st payment$2,019.02$1,920.53
2nd payment$0.00$0.00
Taxes / mo$143.67$143.67
Insurance / mo$150.00$150.00
MI / mo$0.00$56.70
HOA / mo$0.00$0.00
Total monthly$2,312.69$2,270.89
Cash to close$23,396$31,500