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$348,040$323,100
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$1,740$0
Note rate6.780%7.400%
Blended rate6.780%7.640%
1st payment$2,308.25$2,237.08
2nd payment$0.00$0.00
Taxes / mo$299.17$299.17
Insurance / mo$150.00$150.00
MI / mo$0.00$64.62
HOA / mo$25.00$25.00
Total monthly$2,782.41$2,775.87
Cash to close$10,960$35,900