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$340,945$179,100
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$1,705$0
Note rate5.78%7.24%
Blended rate5.78%7.48%
1st payment$2,120.27$1,220.56
2nd payment$0.00$0.00
Taxes / mo$171.33$171.33
Insurance / mo$150.00$150.00
MI / mo$0.00$35.82
HOA / mo$427.00$427.00
Total monthly$2,868.60$2,004.72
Cash to close$0$19,900