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$419,169$346,500
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$2,096$0
Note rate6.990%7.400%
Blended rate6.990%7.640%
1st payment$2,851.47$2,399.10
2nd payment$0.00$0.00
Taxes / mo$187.06$187.06
Insurance / mo$150.00$150.00
MI / mo$0.00$69.30
HOA / mo$0.00$0.00
Total monthly$3,188.53$2,805.46
Cash to close$0$38,500