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$456,742$369,000
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$2,284$0
Note rate6.720%7.320%
Blended rate6.720%7.560%
1st payment$3,005.34$2,534.77
2nd payment$0.00$0.00
Taxes / mo$181.75$181.75
Insurance / mo$150.00$150.00
MI / mo$0.00$73.80
HOA / mo$0.00$0.00
Total monthly$3,337.09$2,940.32
Cash to close$0$41,000