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$415,664$301,500
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$2,078$0
Note rate6.900%7.320%
Blended rate6.900%7.560%
1st payment$2,831.95$2,071.10
2nd payment$0.00$0.00
Taxes / mo$351.38$351.38
Insurance / mo$150.00$150.00
MI / mo$0.00$60.30
HOA / mo$114.00$114.00
Total monthly$3,447.34$2,746.78
Cash to close$0$33,500