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$417,266$382,500
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$2,086$0
Note rate6.850%7.320%
Blended rate6.850%7.560%
1st payment$2,794.68$2,627.51
2nd payment$0.00$0.00
Taxes / mo$151.50$151.50
Insurance / mo$150.00$150.00
MI / mo$0.00$76.50
HOA / mo$0.00$0.00
Total monthly$3,096.18$3,005.51
Cash to close$7,734$42,500