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$359,041$349,200
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$1,795$0
Note rate7.200%7.400%
Blended rate7.200%7.640%
1st payment$2,511.52$2,417.79
2nd payment$0.00$0.00
Taxes / mo$115.17$115.17
Insurance / mo$150.00$150.00
MI / mo$0.00$69.84
HOA / mo$0.00$0.00
Total monthly$2,776.68$2,752.80
Cash to close$28,959$38,800