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$349,427$287,910
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$1,747$0
Note rate6.990%7.400%
Blended rate6.990%7.640%
1st payment$2,374.73$1,993.43
2nd payment$0.00$0.00
Taxes / mo$104.25$104.25
Insurance / mo$150.00$150.00
MI / mo$0.00$57.58
HOA / mo$0.00$0.00
Total monthly$2,628.98$2,305.26
Cash to close$0$31,990