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$424,678$372,600
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$2,123$0
Note rate6.700%7.400%
Blended rate6.700%7.640%
1st payment$2,870.85$2,579.81
2nd payment$0.00$0.00
Taxes / mo$385.83$385.83
Insurance / mo$150.00$150.00
MI / mo$0.00$74.52
HOA / mo$154.00$154.00
Total monthly$3,560.69$3,344.16
Cash to close$0$41,400