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$361,162$297,000
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$1,806$0
Note rate6.960%7.400%
Blended rate6.960%7.640%
1st payment$2,477.32$2,056.37
2nd payment$0.00$0.00
Taxes / mo$183.50$183.50
Insurance / mo$150.00$150.00
MI / mo$0.00$59.40
HOA / mo$375.00$375.00
Total monthly$3,185.82$2,824.27
Cash to close$0$33,000