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$417,269$370,800
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$2,086$0
Note rate7.220%7.400%
Blended rate7.220%7.640%
1st payment$2,904.63$2,567.34
2nd payment$0.00$0.00
Taxes / mo$329.50$329.50
Insurance / mo$150.00$150.00
MI / mo$0.00$74.16
HOA / mo$105.00$105.00
Total monthly$3,489.13$3,226.00
Cash to close$0$41,200