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$388,824$333,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,944$0
Note rate6.890%7.320%
Blended rate6.890%7.560%
1st payment$2,614.38$2,287.48
2nd payment$0.00$0.00
Taxes / mo$500.00$500.00
Insurance / mo$150.00$150.00
MI / mo$0.00$66.60
HOA / mo$115.00$115.00
Total monthly$3,379.38$3,119.08
Cash to close$0$37,000