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$386,728$292,500
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$1,934$0
Note rate7.220%7.400%
Blended rate7.220%7.640%
1st payment$2,704.96$2,025.21
2nd payment$0.00$0.00
Taxes / mo$130.25$130.25
Insurance / mo$150.00$150.00
MI / mo$0.00$58.50
HOA / mo$0.00$0.00
Total monthly$2,985.21$2,363.96
Cash to close$0$32,500