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$370,070$309,600
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$1,850$0
Note rate6.93%7.18%
Blended rate6.93%7.42%
1st payment$2,490.79$2,097.34
2nd payment$0.00$0.00
Taxes / mo$114.25$114.25
Insurance / mo$150.00$150.00
MI / mo$0.00$61.92
HOA / mo$374.00$374.00
Total monthly$3,129.04$2,797.51
Cash to close$0$34,400