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$507,918$369,000
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$2,540$0
Note rate6.930%7.320%
Blended rate6.930%7.560%
1st payment$3,415.34$2,534.77
2nd payment$0.00$0.00
Taxes / mo$380.08$380.08
Insurance / mo$150.00$150.00
MI / mo$0.00$73.80
HOA / mo$245.00$245.00
Total monthly$4,190.43$3,383.66
Cash to close$0$41,000