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$360,780$297,000
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$1,804$0
Note rate6.96%7.24%
Blended rate6.96%7.48%
1st payment$2,477.32$2,024.05
2nd payment$0.00$0.00
Taxes / mo$183.50$183.50
Insurance / mo$150.00$150.00
MI / mo$0.00$59.40
HOA / mo$375.00$375.00
Total monthly$3,185.82$2,791.95
Cash to close$0$33,000