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$424,202$337,500
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$2,121$0
Note rate6.340%7.320%
Blended rate6.340%7.560%
1st payment$2,747.39$2,318.39
2nd payment$0.00$0.00
Taxes / mo$485.32$485.32
Insurance / mo$150.00$150.00
MI / mo$0.00$67.50
HOA / mo$105.00$105.00
Total monthly$3,487.71$3,126.21
Cash to close$0$37,500