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$392,800$346,500
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$1,964$0
Note rate6.420%7.400%
Blended rate6.420%7.640%
1st payment$2,576.15$2,399.10
2nd payment$0.00$0.00
Taxes / mo$254.79$254.79
Insurance / mo$150.00$150.00
MI / mo$0.00$69.30
HOA / mo$0.00$0.00
Total monthly$2,980.94$2,873.18
Cash to close$0$38,500