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$481,143$360,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$2,406$0
Note rate6.850%7.400%
Blended rate6.850%7.640%
1st payment$3,222.50$2,492.57
2nd payment$0.00$0.00
Taxes / mo$216.67$216.67
Insurance / mo$150.00$150.00
MI / mo$0.00$72.00
HOA / mo$0.00$0.00
Total monthly$3,589.17$2,931.23
Cash to close$0$40,000