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$341,863$242,910
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$1,709$0
Note rate6.110%7.400%
Blended rate6.110%7.640%
1st payment$2,183.91$1,681.86
2nd payment$0.00$0.00
Taxes / mo$239.23$239.23
Insurance / mo$150.00$150.00
MI / mo$0.00$48.58
HOA / mo$142.00$142.00
Total monthly$2,715.13$2,261.67
Cash to close$0$26,990