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$401,398$360,000
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$2,007$0
Note rate6.660%7.320%
Blended rate6.660%7.560%
1st payment$2,703.24$2,472.95
2nd payment$0.00$0.00
Taxes / mo$263.83$263.83
Insurance / mo$150.00$150.00
MI / mo$0.00$72.00
HOA / mo$35.00$35.00
Total monthly$3,152.07$2,993.78
Cash to close$0$40,000