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$315,304$288,000
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$1,577$0
Note rate6.640%7.400%
Blended rate6.640%7.640%
1st payment$2,052.17$1,994.05
2nd payment$0.00$0.00
Taxes / mo$16.83$16.83
Insurance / mo$150.00$150.00
MI / mo$0.00$57.60
HOA / mo$0.00$0.00
Total monthly$2,219.00$2,218.49
Cash to close$4,696$32,000