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$344,501$303,300
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$1,723$0
Note rate6.770%7.400%
Blended rate6.770%7.640%
1st payment$2,305.80$2,099.99
2nd payment$0.00$0.00
Taxes / mo$268.75$268.75
Insurance / mo$150.00$150.00
MI / mo$0.00$60.66
HOA / mo$40.00$40.00
Total monthly$2,764.55$2,619.40
Cash to close$0$33,700