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$338,431$310,500
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$1,692$0
Note rate6.600%7.320%
Blended rate6.600%7.560%
1st payment$2,250.42$2,132.92
2nd payment$0.00$0.00
Taxes / mo$287.50$287.50
Insurance / mo$150.00$150.00
MI / mo$0.00$62.10
HOA / mo$52.00$52.00
Total monthly$2,739.92$2,684.52
Cash to close$6,569$34,500