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$345,815$260,100
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$1,729$0
Note rate6.860%7.400%
Blended rate6.860%7.640%
1st payment$2,320.68$1,800.88
2nd payment$0.00$0.00
Taxes / mo$575.92$575.92
Insurance / mo$150.00$150.00
MI / mo$0.00$52.02
HOA / mo$10.00$10.00
Total monthly$3,056.60$2,588.82
Cash to close$0$28,900