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$417,289$324,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$2,086$0
Note rate6.090%7.400%
Blended rate6.090%7.640%
1st payment$2,584.76$2,243.31
2nd payment$0.00$0.00
Taxes / mo$145.26$145.26
Insurance / mo$150.00$150.00
MI / mo$0.00$64.80
HOA / mo$0.00$0.00
Total monthly$2,880.02$2,603.37
Cash to close$0$36,000