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$381,365$359,996
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$1,907$0
Note rate6.780%7.320%
Blended rate6.780%7.560%
1st payment$2,547.07$2,472.92
2nd payment$0.00$0.00
Taxes / mo$607.43$607.43
Insurance / mo$150.00$150.00
MI / mo$0.00$72.00
HOA / mo$105.00$105.00
Total monthly$3,409.51$3,407.35
Cash to close$18,630$40,000