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$357,705$324,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$1,789$0
Note rate6.900%7.320%
Blended rate6.900%7.560%
1st payment$2,421.94$2,225.66
2nd payment$0.00$0.00
Taxes / mo$293.00$293.00
Insurance / mo$150.00$150.00
MI / mo$0.00$64.80
HOA / mo$67.00$67.00
Total monthly$2,931.94$2,800.46
Cash to close$2,295$36,000