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$465,416$382,500
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$2,327$0
Note rate5.625%7.320%
Blended rate5.625%7.560%
1st payment$2,826.47$2,627.51
2nd payment$0.00$0.00
Taxes / mo$354.17$354.17
Insurance / mo$150.00$150.00
MI / mo$0.00$76.50
HOA / mo$400.00$400.00
Total monthly$3,730.64$3,608.18
Cash to close$0$42,500