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$347,197$230,400
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$1,736$0
Note rate6.330%7.400%
Blended rate6.330%7.640%
1st payment$2,260.12$1,595.24
2nd payment$0.00$0.00
Taxes / mo$448.50$448.50
Insurance / mo$150.00$150.00
MI / mo$0.00$46.08
HOA / mo$50.00$50.00
Total monthly$2,908.62$2,289.82
Cash to close$0$25,600