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$334,545$315,000
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$1,673$0
Note rate6.960%7.320%
Blended rate6.960%7.560%
1st payment$2,292.33$2,163.83
2nd payment$0.00$0.00
Taxes / mo$214.08$214.08
Insurance / mo$150.00$150.00
MI / mo$0.00$63.00
HOA / mo$75.00$75.00
Total monthly$2,731.42$2,665.91
Cash to close$15,455$35,000