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$403,725$301,500
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$2,019$0
Note rate7.060%7.400%
Blended rate7.060%7.640%
1st payment$2,765.00$2,087.53
2nd payment$0.00$0.00
Taxes / mo$390.51$390.51
Insurance / mo$150.00$150.00
MI / mo$0.00$60.30
HOA / mo$63.33$63.33
Total monthly$3,368.84$2,751.67
Cash to close$0$33,500