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$380,618$348,750
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$1,903$0
Note rate6.840%7.320%
Blended rate6.840%7.560%
1st payment$2,520.18$2,395.67
2nd payment$0.00$0.00
Taxes / mo$322.92$322.92
Insurance / mo$150.00$150.00
MI / mo$0.00$69.75
HOA / mo$624.00$624.00
Total monthly$3,617.10$3,562.34
Cash to close$6,882$38,750