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$340,363$292,500
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$1,702$0
Note rate6.960%7.400%
Blended rate6.960%7.640%
1st payment$2,329.77$2,025.21
2nd payment$0.00$0.00
Taxes / mo$326.25$326.25
Insurance / mo$150.00$150.00
MI / mo$0.00$58.50
HOA / mo$202.00$202.00
Total monthly$3,008.02$2,761.96
Cash to close$0$32,500