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$451,902$358,200
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$2,260$0
Note rate6.430%7.320%
Blended rate6.430%7.560%
1st payment$2,949.12$2,460.59
2nd payment$0.00$0.00
Taxes / mo$331.67$331.67
Insurance / mo$150.00$150.00
MI / mo$0.00$71.64
HOA / mo$654.00$654.00
Total monthly$4,084.78$3,667.89
Cash to close$0$39,800