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$348,584$189,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$1,743$0
Note rate6.900%7.400%
Blended rate6.900%7.640%
1st payment$2,357.79$1,308.60
2nd payment$0.00$0.00
Taxes / mo$425.25$425.25
Insurance / mo$150.00$150.00
MI / mo$0.00$37.80
HOA / mo$0.00$0.00
Total monthly$2,933.04$1,921.65
Cash to close$0$21,000