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$395,129$315,000
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$1,976$0
Note rate6.960%7.400%
Blended rate6.960%7.640%
1st payment$2,707.46$2,181.00
2nd payment$0.00$0.00
Taxes / mo$313.87$313.87
Insurance / mo$150.00$150.00
MI / mo$0.00$63.00
HOA / mo$0.00$0.00
Total monthly$3,171.33$2,707.87
Cash to close$0$35,000