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$341,198$301,500
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$1,706$0
Note rate6.350%7.400%
Blended rate6.350%7.640%
1st payment$2,170.05$2,087.53
2nd payment$0.00$0.00
Taxes / mo$457.42$457.42
Insurance / mo$150.00$150.00
MI / mo$0.00$60.30
HOA / mo$188.00$188.00
Total monthly$2,965.46$2,943.24
Cash to close$0$33,500