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$447,123$387,000
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$2,236$0
Note rate6.340%7.320%
Blended rate6.340%7.560%
1st payment$2,889.00$2,658.42
2nd payment$0.00$0.00
Taxes / mo$343.18$343.18
Insurance / mo$150.00$150.00
MI / mo$0.00$77.40
HOA / mo$9.50$9.50
Total monthly$3,391.68$3,238.50
Cash to close$0$43,000