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$380,954$310,500
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$1,905$0
Note rate6.710%7.400%
Blended rate6.710%7.640%
1st payment$2,551.47$2,149.84
2nd payment$0.00$0.00
Taxes / mo$371.15$371.15
Insurance / mo$150.00$150.00
MI / mo$0.00$62.10
HOA / mo$0.00$0.00
Total monthly$3,072.62$2,733.09
Cash to close$0$34,500