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$452,777$393,300
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$2,264$0
Note rate6.850%7.400%
Blended rate6.850%7.640%
1st payment$3,012.13$2,723.13
2nd payment$0.00$0.00
Taxes / mo$86.50$86.50
Insurance / mo$150.00$150.00
MI / mo$0.00$78.66
HOA / mo$4.17$4.17
Total monthly$3,252.80$3,042.46
Cash to close$0$43,700