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$421,308$341,910
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$2,107$0
Note rate6.420%7.400%
Blended rate6.420%7.640%
1st payment$2,763.12$2,367.32
2nd payment$0.00$0.00
Taxes / mo$515.22$515.22
Insurance / mo$150.00$150.00
MI / mo$0.00$68.38
HOA / mo$95.00$95.00
Total monthly$3,523.34$3,195.92
Cash to close$0$37,990