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$373,705$180,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,869$0
Note rate6.350%7.400%
Blended rate6.350%7.640%
1st payment$2,379.34$1,246.28
2nd payment$0.00$0.00
Taxes / mo$166.67$166.67
Insurance / mo$150.00$150.00
MI / mo$0.00$36.00
HOA / mo$748.00$748.00
Total monthly$3,444.00$2,346.95
Cash to close$0$20,000