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$354,611$260,100
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$1,773$0
Note rate5.250%7.400%
Blended rate5.250%7.640%
1st payment$2,098.37$1,800.88
2nd payment$0.00$0.00
Taxes / mo$316.33$316.33
Insurance / mo$150.00$150.00
MI / mo$0.00$52.02
HOA / mo$395.00$395.00
Total monthly$2,959.71$2,714.23
Cash to close$0$28,900