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$393,951$351,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,970$0
Note rate6.350%7.320%
Blended rate6.350%7.560%
1st payment$2,508.24$2,411.13
2nd payment$0.00$0.00
Taxes / mo$172.58$172.58
Insurance / mo$150.00$150.00
MI / mo$0.00$70.20
HOA / mo$155.00$155.00
Total monthly$2,985.82$2,958.91
Cash to close$0$39,000