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$393,986$350,999
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$1,970$0
Note rate6.350%7.320%
Blended rate6.350%7.560%
1st payment$2,551.17$2,411.12
2nd payment$0.00$0.00
Taxes / mo$127.96$127.96
Insurance / mo$150.00$150.00
MI / mo$0.00$70.20
HOA / mo$9.00$9.00
Total monthly$2,838.13$2,768.28
Cash to close$0$39,000