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$405,307$375,300
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$2,027$0
Note rate6.810%7.320%
Blended rate6.810%7.560%
1st payment$2,675.62$2,578.05
2nd payment$0.00$0.00
Taxes / mo$168.75$168.75
Insurance / mo$150.00$150.00
MI / mo$0.00$75.06
HOA / mo$15.00$15.00
Total monthly$3,009.37$2,986.86
Cash to close$11,693$41,700