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$398,288$306,000
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$1,991$0
Note rate6.110%7.400%
Blended rate6.110%7.640%
1st payment$2,544.37$2,118.68
2nd payment$0.00$0.00
Taxes / mo$183.17$183.17
Insurance / mo$150.00$150.00
MI / mo$0.00$61.20
HOA / mo$82.00$82.00
Total monthly$2,959.53$2,595.05
Cash to close$0$34,000