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$467,468$396,000
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$2,337$0
Note rate6.890%7.400%
Blended rate6.890%7.640%
1st payment$3,125.11$2,741.82
2nd payment$0.00$0.00
Taxes / mo$359.00$359.00
Insurance / mo$150.00$150.00
MI / mo$0.00$79.20
HOA / mo$80.00$80.00
Total monthly$3,714.11$3,410.03
Cash to close$0$44,000