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$345,721$350,100
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$1,729$0
Note rate7.570%7.400%
Blended rate7.570%7.640%
1st payment$2,500.83$2,424.02
2nd payment$0.00$0.00
Taxes / mo$324.17$324.17
Insurance / mo$150.00$150.00
MI / mo$0.00$70.02
HOA / mo$0.00$0.00
Total monthly$2,975.00$2,968.21
Cash to close$43,279$38,900