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$341,998$283,500
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$1,710$0
Note rate6.71%7.24%
Blended rate6.71%7.48%
1st payment$2,293.09$1,932.05
2nd payment$0.00$0.00
Taxes / mo$184.42$184.42
Insurance / mo$150.00$150.00
MI / mo$0.00$56.70
HOA / mo$489.00$489.00
Total monthly$3,116.51$2,812.16
Cash to close$0$31,500