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$350,709$292,500
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$1,754$0
Note rate7.020%7.400%
Blended rate7.020%7.640%
1st payment$2,390.36$2,025.21
2nd payment$0.00$0.00
Taxes / mo$151.28$151.28
Insurance / mo$150.00$150.00
MI / mo$0.00$58.50
HOA / mo$0.00$0.00
Total monthly$2,691.64$2,384.99
Cash to close$0$32,500