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$398,133$378,000
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$1,991$0
Note rate7.620%7.320%
Blended rate7.620%7.560%
1st payment$2,890.64$2,596.60
2nd payment$0.00$0.00
Taxes / mo$346.42$346.42
Insurance / mo$150.00$150.00
MI / mo$0.00$75.60
HOA / mo$78.00$78.00
Total monthly$3,465.06$3,246.61
Cash to close$21,867$42,000