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$371,544$54,000
Remaining term (yrs)29.930.0
Secondary amount$0$0
Funding fee$1,858$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$2,350.53$373.89
2nd payment$0.00$0.00
Taxes / mo$17.17$17.17
Insurance / mo$150.00$150.00
MI / mo$0.00$10.80
HOA / mo$0.00$0.00
Total monthly$2,517.70$551.85
Cash to close$0$6,000