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$366,372$269,100
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$1,832$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$2,391.02$1,863.19
2nd payment$0.00$0.00
Taxes / mo$361.83$361.83
Insurance / mo$150.00$150.00
MI / mo$0.00$53.82
HOA / mo$200.00$200.00
Total monthly$3,102.86$2,628.85
Cash to close$0$29,900