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$434,621$359,999
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$2,173$0
Note rate6.220%7.400%
Blended rate6.220%7.640%
1st payment$2,677.87$2,492.56
2nd payment$0.00$0.00
Taxes / mo$333.33$333.33
Insurance / mo$150.00$150.00
MI / mo$0.00$72.00
HOA / mo$93.00$93.00
Total monthly$3,254.20$3,140.89
Cash to close$0$40,000