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$437,841$395,999
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$2,189$0
Note rate6.500%7.320%
Blended rate6.500%7.560%
1st payment$2,829.94$2,720.24
2nd payment$0.00$0.00
Taxes / mo$366.67$366.67
Insurance / mo$150.00$150.00
MI / mo$0.00$79.20
HOA / mo$379.00$379.00
Total monthly$3,725.61$3,695.10
Cash to close$2,158$44,000