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$361,797$218,250
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$1,809$0
Note rate6.350%7.400%
Blended rate6.350%7.640%
1st payment$2,303.52$1,511.12
2nd payment$0.00$0.00
Taxes / mo$125.67$125.67
Insurance / mo$150.00$150.00
MI / mo$0.00$43.65
HOA / mo$453.00$453.00
Total monthly$3,032.18$2,283.44
Cash to close$0$24,250