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$342,607$314,910
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$1,713$0
Note rate7.080%7.400%
Blended rate7.080%7.640%
1st payment$2,397.16$2,180.37
2nd payment$0.00$0.00
Taxes / mo$264.42$264.42
Insurance / mo$150.00$150.00
MI / mo$0.00$62.98
HOA / mo$5.33$5.33
Total monthly$2,816.91$2,663.10
Cash to close$7,293$34,990