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$364,688$342,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$1,823$0
Note rate6.650%7.400%
Blended rate6.650%7.640%
1st payment$2,439.45$2,367.94
2nd payment$0.00$0.00
Taxes / mo$316.67$316.67
Insurance / mo$150.00$150.00
MI / mo$0.00$68.40
HOA / mo$33.33$33.33
Total monthly$2,939.45$2,936.34
Cash to close$15,312$38,000