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$415,191$306,900
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$2,076$0
Note rate5.500%7.400%
Blended rate5.500%7.640%
1st payment$2,440.04$2,124.91
2nd payment$0.00$0.00
Taxes / mo$593.17$593.17
Insurance / mo$150.00$150.00
MI / mo$0.00$61.38
HOA / mo$12.50$12.50
Total monthly$3,195.71$2,941.96
Cash to close$0$34,100