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$393,104$378,000
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$1,966$0
Note rate7.090%7.400%
Blended rate7.090%7.640%
1st payment$2,702.64$2,617.20
2nd payment$0.00$0.00
Taxes / mo$698.08$698.08
Insurance / mo$150.00$150.00
MI / mo$0.00$75.60
HOA / mo$12.00$12.00
Total monthly$3,562.72$3,552.88
Cash to close$26,896$42,000