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$438,772$332,999
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$2,194$0
Note rate6.850%7.320%
Blended rate6.850%7.560%
1st payment$2,938.72$2,287.47
2nd payment$0.00$0.00
Taxes / mo$704.61$704.61
Insurance / mo$150.00$150.00
MI / mo$0.00$66.60
HOA / mo$23.33$23.33
Total monthly$3,816.66$3,232.01
Cash to close$0$37,000