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$381,413$359,100
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$1,907$0
Note rate7.040%7.400%
Blended rate7.040%7.640%
1st payment$2,587.63$2,486.34
2nd payment$0.00$0.00
Taxes / mo$763.08$763.08
Insurance / mo$150.00$150.00
MI / mo$0.00$71.82
HOA / mo$8.25$8.25
Total monthly$3,508.96$3,479.49
Cash to close$17,587$39,900