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$422,026$323,100
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$2,110$0
Note rate6.640%7.320%
Blended rate6.640%7.560%
1st payment$2,783.26$2,219.47
2nd payment$0.00$0.00
Taxes / mo$556.00$556.00
Insurance / mo$150.00$150.00
MI / mo$0.00$64.62
HOA / mo$4.17$4.17
Total monthly$3,493.43$2,994.26
Cash to close$0$35,900