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$454,313$378,000
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$2,272$0
Note rate6.810%7.400%
Blended rate6.810%7.640%
1st payment$3,001.92$2,617.20
2nd payment$0.00$0.00
Taxes / mo$350.00$350.00
Insurance / mo$150.00$150.00
MI / mo$0.00$75.60
HOA / mo$0.00$0.00
Total monthly$3,501.92$3,192.80
Cash to close$0$42,000