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$334,793$302,400
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,674$0
Note rate6.850%7.400%
Blended rate6.850%7.640%
1st payment$2,242.31$2,093.76
2nd payment$0.00$0.00
Taxes / mo$179.50$179.50
Insurance / mo$150.00$150.00
MI / mo$0.00$60.48
HOA / mo$360.00$360.00
Total monthly$2,931.81$2,843.74
Cash to close$1,207$33,600