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$398,813$341,550
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$1,994$0
Note rate6.300%7.400%
Blended rate6.300%7.640%
1st payment$2,520.99$2,364.82
2nd payment$0.00$0.00
Taxes / mo$245.50$245.50
Insurance / mo$150.00$150.00
MI / mo$0.00$68.31
HOA / mo$30.00$30.00
Total monthly$2,946.49$2,858.63
Cash to close$0$37,950