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$424,018$402,750
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$2,120$0
Note rate7.060%7.400%
Blended rate7.060%7.640%
1st payment$2,903.99$2,788.56
2nd payment$0.00$0.00
Taxes / mo$204.13$204.13
Insurance / mo$150.00$150.00
MI / mo$0.00$80.55
HOA / mo$0.00$0.00
Total monthly$3,258.11$3,223.24
Cash to close$23,482$44,750