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$373,693$355,500
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$1,868$0
Note rate7.060%7.400%
Blended rate7.060%7.640%
1st payment$2,556.87$2,461.41
2nd payment$0.00$0.00
Taxes / mo$352.33$352.33
Insurance / mo$150.00$150.00
MI / mo$0.00$71.10
HOA / mo$0.00$0.00
Total monthly$3,059.20$3,034.84
Cash to close$21,307$39,500