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$346,731$279,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$1,734$0
Note rate6.740%7.400%
Blended rate6.740%7.640%
1st payment$2,309.14$1,931.74
2nd payment$0.00$0.00
Taxes / mo$183.08$183.08
Insurance / mo$150.00$150.00
MI / mo$0.00$55.80
HOA / mo$0.00$0.00
Total monthly$2,642.22$2,320.62
Cash to close$0$31,000