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$417,416$373,500
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$2,087$0
Note rate7.080%7.400%
Blended rate7.080%7.640%
1st payment$2,917.41$2,586.04
2nd payment$0.00$0.00
Taxes / mo$101.33$101.33
Insurance / mo$150.00$150.00
MI / mo$0.00$74.70
HOA / mo$285.00$285.00
Total monthly$3,453.74$3,197.07
Cash to close$0$41,500