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$355,180$261,000
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$1,776$0
Note rate5.230%7.400%
Blended rate5.230%7.640%
1st payment$2,091.10$1,807.11
2nd payment$0.00$0.00
Taxes / mo$116.83$116.83
Insurance / mo$150.00$150.00
MI / mo$0.00$52.20
HOA / mo$259.00$259.00
Total monthly$2,616.93$2,385.14
Cash to close$0$29,000