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$371,601$246,600
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$1,858$0
Note rate4.980%7.400%
Blended rate4.980%7.640%
1st payment$2,136.29$1,707.41
2nd payment$0.00$0.00
Taxes / mo$93.40$93.40
Insurance / mo$150.00$150.00
MI / mo$0.00$49.32
HOA / mo$0.00$0.00
Total monthly$2,379.69$2,000.13
Cash to close$0$27,400