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$359,995$315,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$1,800$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$2,324.37$2,181.00
2nd payment$0.00$0.00
Taxes / mo$97.42$97.42
Insurance / mo$150.00$150.00
MI / mo$0.00$63.00
HOA / mo$112.00$112.00
Total monthly$2,683.78$2,603.41
Cash to close$0$35,000