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$352,633$3,038
Remaining term (yrs)23.630.0
Secondary amount$0$0
Funding fee$1,763$0
Note rate3.500%7.400%
Blended rate3.500%7.640%
1st payment$1,823.71$21.03
2nd payment$0.00$0.00
Taxes / mo$2.81$2.81
Insurance / mo$150.00$150.00
MI / mo$0.00$0.61
HOA / mo$0.00$0.00
Total monthly$1,976.52$174.45
Cash to close$0$338