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$375,355$310,500
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$1,877$0
Note rate6.090%7.400%
Blended rate6.090%7.640%
1st payment$2,285.80$2,149.84
2nd payment$0.00$0.00
Taxes / mo$102.91$102.91
Insurance / mo$150.00$150.00
MI / mo$0.00$62.10
HOA / mo$0.00$0.00
Total monthly$2,538.71$2,464.85
Cash to close$0$34,500