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$355,950$353,250
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$1,780$0
Note rate7.22%7.18%
Blended rate7.22%7.42%
1st payment$2,480.13$2,393.04
2nd payment$0.00$0.00
Taxes / mo$146.17$146.17
Insurance / mo$150.00$150.00
MI / mo$0.00$70.65
HOA / mo$102.00$102.00
Total monthly$2,878.30$2,861.86
Cash to close$36,550$39,250