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$374,800$346,500
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$1,874$0
Note rate6.5%7.24%
Blended rate6.5%7.48%
1st payment$2,474.15$2,361.39
2nd payment$0.00$0.00
Taxes / mo$159.08$159.08
Insurance / mo$150.00$150.00
MI / mo$0.00$69.30
HOA / mo$0.00$0.00
Total monthly$2,783.24$2,739.77
Cash to close$10,200$38,500