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$429,364$341,550
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$2,147$0
Note rate6.960%7.320%
Blended rate6.960%7.560%
1st payment$2,890.21$2,346.21
2nd payment$0.00$0.00
Taxes / mo$230.42$230.42
Insurance / mo$150.00$150.00
MI / mo$0.00$68.31
HOA / mo$0.00$0.00
Total monthly$3,270.63$2,794.94
Cash to close$0$37,950