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$379,507$256,500
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$1,898$0
Note rate5.100%7.320%
Blended rate5.100%7.560%
1st payment$2,205.09$1,761.98
2nd payment$0.00$0.00
Taxes / mo$104.59$104.59
Insurance / mo$150.00$150.00
MI / mo$0.00$51.30
HOA / mo$0.00$0.00
Total monthly$2,459.68$2,067.87
Cash to close$0$28,500