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$349,457$323,100
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$1,747$0
Note rate6.850%7.320%
Blended rate6.850%7.560%
1st payment$2,324.78$2,219.47
2nd payment$0.00$0.00
Taxes / mo$46.92$46.92
Insurance / mo$150.00$150.00
MI / mo$0.00$64.62
HOA / mo$0.00$0.00
Total monthly$2,521.70$2,481.01
Cash to close$9,543$35,900