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$347,627$314,910
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$1,738$0
Note rate6.5%7.24%
Blended rate6.5%7.48%
1st payment$2,292.08$2,146.11
2nd payment$0.00$0.00
Taxes / mo$160.17$160.17
Insurance / mo$150.00$150.00
MI / mo$0.00$62.98
HOA / mo$0.00$0.00
Total monthly$2,602.25$2,519.25
Cash to close$2,273$34,990