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$353,961$288,000
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$1,770$0
Note rate6.990%7.400%
Blended rate6.990%7.640%
1st payment$2,410.23$1,994.05
2nd payment$0.00$0.00
Taxes / mo$118.00$118.00
Insurance / mo$150.00$150.00
MI / mo$0.00$57.60
HOA / mo$92.00$92.00
Total monthly$2,770.23$2,411.65
Cash to close$0$32,000