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$505,535$369,000
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$2,528$0
Note rate7.200%7.400%
Blended rate7.200%7.640%
1st payment$3,536.25$2,554.88
2nd payment$0.00$0.00
Taxes / mo$144.50$144.50
Insurance / mo$150.00$150.00
MI / mo$0.00$73.80
HOA / mo$0.00$0.00
Total monthly$3,830.75$2,923.18
Cash to close$0$41,000