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$404,370$270,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$2,022$0
Note rate6.090%7.400%
Blended rate6.090%7.640%
1st payment$2,565.01$1,869.43
2nd payment$0.00$0.00
Taxes / mo$234.67$234.67
Insurance / mo$150.00$150.00
MI / mo$0.00$54.00
HOA / mo$495.00$495.00
Total monthly$3,444.68$2,803.09
Cash to close$0$30,000