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$374,616$297,000
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$1,873$0
Note rate6.540%7.400%
Blended rate6.540%7.640%
1st payment$2,476.69$2,056.37
2nd payment$0.00$0.00
Taxes / mo$259.06$259.06
Insurance / mo$150.00$150.00
MI / mo$0.00$59.40
HOA / mo$0.00$0.00
Total monthly$2,885.75$2,524.83
Cash to close$0$33,000