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$338,346$304,200
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$1,692$0
Note rate6.490%7.400%
Blended rate6.490%7.640%
1st payment$2,184.68$2,106.22
2nd payment$0.00$0.00
Taxes / mo$524.00$524.00
Insurance / mo$150.00$150.00
MI / mo$0.00$60.84
HOA / mo$260.00$260.00
Total monthly$3,118.68$3,101.06
Cash to close$0$33,800