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$308,441$292,500
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$1,542$0
Note rate6.93%7.18%
Blended rate6.93%7.42%
1st payment$2,072.06$1,981.50
2nd payment$0.00$0.00
Taxes / mo$146.58$146.58
Insurance / mo$150.00$150.00
MI / mo$0.00$58.50
HOA / mo$0.00$0.00
Total monthly$2,368.65$2,336.58
Cash to close$16,559$32,500