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$340,627$251,100
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$1,703$0
Note rate6.5%7.24%
Blended rate6.5%7.48%
1st payment$2,192.55$1,711.24
2nd payment$0.00$0.00
Taxes / mo$74.67$74.67
Insurance / mo$150.00$150.00
MI / mo$0.00$50.22
HOA / mo$0.00$0.00
Total monthly$2,417.22$1,986.13
Cash to close$0$27,900