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$360,889$301,500
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$1,804$0
Note rate5.510%7.400%
Blended rate5.510%7.640%
1st payment$2,178.85$2,087.53
2nd payment$0.00$0.00
Taxes / mo$491.75$491.75
Insurance / mo$150.00$150.00
MI / mo$0.00$60.30
HOA / mo$10.42$10.42
Total monthly$2,831.02$2,800.00
Cash to close$0$33,500