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$425,351$396,000
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$2,127$0
Note rate7.040%7.400%
Blended rate7.040%7.640%
1st payment$2,885.72$2,741.82
2nd payment$0.00$0.00
Taxes / mo$519.08$519.08
Insurance / mo$150.00$150.00
MI / mo$0.00$79.20
HOA / mo$100.00$100.00
Total monthly$3,654.80$3,590.11
Cash to close$14,649$44,000