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$405,709$377,999
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$2,029$0
Note rate6.890%7.400%
Blended rate6.890%7.640%
1st payment$2,727.91$2,617.19
2nd payment$0.00$0.00
Taxes / mo$350.00$350.00
Insurance / mo$150.00$150.00
MI / mo$0.00$75.60
HOA / mo$155.00$155.00
Total monthly$3,382.91$3,347.79
Cash to close$14,290$42,000