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$341,421$203,850
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$1,707$0
Note rate5.780%7.400%
Blended rate5.780%7.640%
1st payment$2,120.27$1,411.42
2nd payment$0.00$0.00
Taxes / mo$171.33$171.33
Insurance / mo$150.00$150.00
MI / mo$0.00$40.77
HOA / mo$427.00$427.00
Total monthly$2,868.60$2,200.52
Cash to close$0$22,650