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$408,352$357,299
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$2,042$0
Note rate6.780%7.320%
Blended rate6.780%7.560%
1st payment$2,716.29$2,454.40
2nd payment$0.00$0.00
Taxes / mo$645.25$645.25
Insurance / mo$150.00$150.00
MI / mo$0.00$71.46
HOA / mo$11.00$11.00
Total monthly$3,522.54$3,332.11
Cash to close$0$39,700