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$409,457$371,250
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$2,047$0
Note rate6.770%7.320%
Blended rate6.770%7.560%
1st payment$2,726.45$2,550.23
2nd payment$0.00$0.00
Taxes / mo$327.92$327.92
Insurance / mo$150.00$150.00
MI / mo$0.00$74.25
HOA / mo$110.00$110.00
Total monthly$3,314.37$3,212.40
Cash to close$3,043$41,250