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$401,115$355,500
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$2,006$0
Note rate6.690%7.400%
Blended rate6.690%7.640%
1st payment$2,666.78$2,461.41
2nd payment$0.00$0.00
Taxes / mo$516.93$516.93
Insurance / mo$150.00$150.00
MI / mo$0.00$71.10
HOA / mo$92.00$92.00
Total monthly$3,425.71$3,291.44
Cash to close$0$39,500