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$353,464$324,000
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$1,767$0
Note rate6.540%7.400%
Blended rate6.540%7.640%
1st payment$2,336.84$2,243.31
2nd payment$0.00$0.00
Taxes / mo$333.08$333.08
Insurance / mo$150.00$150.00
MI / mo$0.00$64.80
HOA / mo$126.00$126.00
Total monthly$2,945.93$2,917.19
Cash to close$6,536$36,000