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$451,384$405,000
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$2,257$0
Note rate6.760%7.320%
Blended rate6.760%7.560%
1st payment$2,973.32$2,782.07
2nd payment$0.00$0.00
Taxes / mo$140.33$140.33
Insurance / mo$150.00$150.00
MI / mo$0.00$81.00
HOA / mo$5.67$5.67
Total monthly$3,269.32$3,159.07
Cash to close$0$45,000