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$431,541$361,800
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$2,158$0
Note rate6.850%7.400%
Blended rate6.850%7.640%
1st payment$2,890.29$2,505.03
2nd payment$0.00$0.00
Taxes / mo$130.92$130.92
Insurance / mo$150.00$150.00
MI / mo$0.00$72.36
HOA / mo$73.00$73.00
Total monthly$3,244.21$2,931.31
Cash to close$0$40,200