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$425,391$373,500
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$2,127$0
Note rate6.370%7.400%
Blended rate6.370%7.640%
1st payment$2,662.45$2,586.04
2nd payment$0.00$0.00
Taxes / mo$80.79$80.79
Insurance / mo$150.00$150.00
MI / mo$0.00$74.70
HOA / mo$0.00$0.00
Total monthly$2,893.24$2,891.53
Cash to close$0$41,500