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$405,264$344,250
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$2,026$0
Note rate5.550%7.400%
Blended rate5.550%7.640%
1st payment$2,453.06$2,383.52
2nd payment$0.00$0.00
Taxes / mo$224.42$224.42
Insurance / mo$150.00$150.00
MI / mo$0.00$68.85
HOA / mo$0.00$0.00
Total monthly$2,827.47$2,826.78
Cash to close$0$38,250