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$356,213$319,500
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$1,781$0
Note rate6.620%7.400%
Blended rate6.620%7.640%
1st payment$2,313.78$2,212.15
2nd payment$0.00$0.00
Taxes / mo$88.08$88.08
Insurance / mo$150.00$150.00
MI / mo$0.00$63.90
HOA / mo$103.00$103.00
Total monthly$2,654.86$2,617.14
Cash to close$0$35,500