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$381,109$350,100
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$1,906$0
Note rate6.900%7.320%
Blended rate6.900%7.560%
1st payment$2,596.53$2,404.94
2nd payment$0.00$0.00
Taxes / mo$500.25$500.25
Insurance / mo$150.00$150.00
MI / mo$0.00$70.02
HOA / mo$253.00$253.00
Total monthly$3,499.78$3,378.21
Cash to close$7,891$38,900