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$418,760$350,999
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$2,094$0
Note rate6.620%7.400%
Blended rate6.620%7.640%
1st payment$2,759.24$2,430.25
2nd payment$0.00$0.00
Taxes / mo$325.00$325.00
Insurance / mo$150.00$150.00
MI / mo$0.00$70.20
HOA / mo$468.00$468.00
Total monthly$3,702.24$3,443.45
Cash to close$0$39,000