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$387,153$360,000
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$1,936$0
Note rate6.810%7.320%
Blended rate6.810%7.560%
1st payment$2,558.15$2,472.95
2nd payment$0.00$0.00
Taxes / mo$149.50$149.50
Insurance / mo$150.00$150.00
MI / mo$0.00$72.00
HOA / mo$0.00$0.00
Total monthly$2,857.65$2,844.45
Cash to close$12,847$40,000