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$397,668$275,399
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$1,988$0
Note rate6.150%7.400%
Blended rate6.150%7.640%
1st payment$2,577.35$1,906.81
2nd payment$0.00$0.00
Taxes / mo$255.00$255.00
Insurance / mo$150.00$150.00
MI / mo$0.00$55.08
HOA / mo$0.00$0.00
Total monthly$2,982.35$2,366.89
Cash to close$0$30,600