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$375,283$315,000
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$1,876$0
Note rate6.770%7.240%
Blended rate6.770%7.480%
1st payment$2,467.53$2,146.72
2nd payment$0.00$0.00
Taxes / mo$470.25$470.25
Insurance / mo$150.00$150.00
MI / mo$0.00$63.00
HOA / mo$102.00$102.00
Total monthly$3,189.78$2,931.97
Cash to close$0$35,000