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$340,593$297,000
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$1,703$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$2,187.90$2,056.37
2nd payment$0.00$0.00
Taxes / mo$122.83$122.83
Insurance / mo$150.00$150.00
MI / mo$0.00$59.40
HOA / mo$230.00$230.00
Total monthly$2,690.74$2,618.60
Cash to close$0$33,000