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$348,858$288,000
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$1,744$0
Note rate6.870%7.320%
Blended rate6.870%7.560%
1st payment$2,343.39$1,978.36
2nd payment$0.00$0.00
Taxes / mo$96.83$96.83
Insurance / mo$150.00$150.00
MI / mo$0.00$57.60
HOA / mo$28.67$28.67
Total monthly$2,618.89$2,311.46
Cash to close$0$32,000