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$445,587$341,010
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$2,228$0
Note rate6.850%7.400%
Blended rate6.850%7.640%
1st payment$2,981.43$2,361.08
2nd payment$0.00$0.00
Taxes / mo$315.75$315.75
Insurance / mo$150.00$150.00
MI / mo$0.00$68.20
HOA / mo$490.00$490.00
Total monthly$3,937.18$3,385.04
Cash to close$0$37,890