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$408,432$387,000
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$2,042$0
Note rate6.820%7.320%
Blended rate6.820%7.560%
1st payment$2,746.95$2,658.42
2nd payment$0.00$0.00
Taxes / mo$25.08$25.08
Insurance / mo$150.00$150.00
MI / mo$0.00$77.40
HOA / mo$91.00$91.00
Total monthly$3,013.03$3,001.90
Cash to close$21,568$43,000