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$385,544$355,500
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$1,928$0
Note rate6.990%7.320%
Blended rate6.990%7.560%
1st payment$2,625.29$2,442.04
2nd payment$0.00$0.00
Taxes / mo$164.08$164.08
Insurance / mo$150.00$150.00
MI / mo$0.00$71.10
HOA / mo$105.00$105.00
Total monthly$3,044.38$2,932.22
Cash to close$9,456$39,500