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$344,945$314,910
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$1,725$0
Note rate6.840%7.400%
Blended rate6.840%7.640%
1st payment$2,299.06$2,180.37
2nd payment$0.00$0.00
Taxes / mo$291.58$291.58
Insurance / mo$150.00$150.00
MI / mo$0.00$62.98
HOA / mo$0.00$0.00
Total monthly$2,740.64$2,684.94
Cash to close$4,955$34,990