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$393,304$350,910
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$1,967$0
Note rate6.790%7.400%
Blended rate6.790%7.640%
1st payment$2,657.37$2,429.63
2nd payment$0.00$0.00
Taxes / mo$534.75$534.75
Insurance / mo$150.00$150.00
MI / mo$0.00$70.18
HOA / mo$0.00$0.00
Total monthly$3,342.12$3,184.56
Cash to close$0$38,990