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$355,748$306,000
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$1,779$0
Note rate6.600%7.320%
Blended rate6.600%7.560%
1st payment$2,341.99$2,102.01
2nd payment$0.00$0.00
Taxes / mo$817.75$817.75
Insurance / mo$150.00$150.00
MI / mo$0.00$61.20
HOA / mo$7.00$7.00
Total monthly$3,316.74$3,137.96
Cash to close$0$34,000