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$297,530$270,000
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$1,488$0
Note rate6.62%7.18%
Blended rate6.62%7.42%
1st payment$1,964.68$1,829.07
2nd payment$0.00$0.00
Taxes / mo$121.50$121.50
Insurance / mo$150.00$150.00
MI / mo$0.00$54.00
HOA / mo$104.00$104.00
Total monthly$2,340.18$2,258.57
Cash to close$2,470$30,000