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$477,437$368,100
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$2,387$0
Note rate6.950%7.400%
Blended rate6.950%7.640%
1st payment$3,232.14$2,548.65
2nd payment$0.00$0.00
Taxes / mo$385.53$385.53
Insurance / mo$150.00$150.00
MI / mo$0.00$73.62
HOA / mo$0.00$0.00
Total monthly$3,767.67$3,157.80
Cash to close$0$40,900