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$391,467$359,100
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$1,957$0
Note rate6.810%7.400%
Blended rate6.810%7.640%
1st payment$2,584.26$2,486.34
2nd payment$0.00$0.00
Taxes / mo$363.92$363.92
Insurance / mo$150.00$150.00
MI / mo$0.00$71.82
HOA / mo$29.17$29.17
Total monthly$3,127.35$3,101.24
Cash to close$7,533$39,900