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$361,784$332,550
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$1,809$0
Note rate6.850%7.320%
Blended rate6.850%7.560%
1st payment$2,411.35$2,284.39
2nd payment$0.00$0.00
Taxes / mo$74.42$74.42
Insurance / mo$150.00$150.00
MI / mo$0.00$66.51
HOA / mo$14.58$14.58
Total monthly$2,650.35$2,589.89
Cash to close$7,716$36,950