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$394,876$274,500
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$1,974$0
Note rate6.860%7.400%
Blended rate6.860%7.640%
1st payment$2,622.21$1,900.58
2nd payment$0.00$0.00
Taxes / mo$289.42$289.42
Insurance / mo$150.00$150.00
MI / mo$0.00$54.90
HOA / mo$55.00$55.00
Total monthly$3,116.62$2,449.90
Cash to close$0$30,500