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$345,860$337,500
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$1,729$0
Note rate7.630%7.400%
Blended rate7.630%7.640%
1st payment$2,515.72$2,336.78
2nd payment$0.00$0.00
Taxes / mo$316.83$316.83
Insurance / mo$150.00$150.00
MI / mo$0.00$67.50
HOA / mo$106.00$106.00
Total monthly$3,088.55$2,977.12
Cash to close$29,140$37,500