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$388,214$301,500
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$1,941$0
Note rate5.410%7.320%
Blended rate5.410%7.560%
1st payment$2,320.45$2,071.10
2nd payment$0.00$0.00
Taxes / mo$205.83$205.83
Insurance / mo$150.00$150.00
MI / mo$0.00$60.30
HOA / mo$57.00$57.00
Total monthly$2,733.28$2,544.23
Cash to close$0$33,500