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$394,601$305,910
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$1,973$0
Note rate6.110%7.400%
Blended rate6.110%7.640%
1st payment$2,517.56$2,118.06
2nd payment$0.00$0.00
Taxes / mo$285.33$285.33
Insurance / mo$150.00$150.00
MI / mo$0.00$61.18
HOA / mo$0.00$0.00
Total monthly$2,952.89$2,614.57
Cash to close$0$33,990