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$371,266$351,000
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$1,856$0
Note rate6.990%7.400%
Blended rate6.990%7.640%
1st payment$2,525.60$2,430.25
2nd payment$0.00$0.00
Taxes / mo$192.92$192.92
Insurance / mo$150.00$150.00
MI / mo$0.00$70.20
HOA / mo$2.08$2.08
Total monthly$2,870.59$2,845.45
Cash to close$18,734$39,000