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$371,009$315,000
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$1,855$0
Note rate6.32%7.18%
Blended rate6.32%7.42%
1st payment$2,352.51$2,133.92
2nd payment$0.00$0.00
Taxes / mo$117.58$117.58
Insurance / mo$150.00$150.00
MI / mo$0.00$63.00
HOA / mo$120.00$120.00
Total monthly$2,740.09$2,584.50
Cash to close$0$35,000