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$521,520$369,000
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$2,608$0
Note rate6.720%7.400%
Blended rate6.720%7.640%
1st payment$3,438.34$2,554.88
2nd payment$0.00$0.00
Taxes / mo$8.33$8.33
Insurance / mo$150.00$150.00
MI / mo$0.00$73.80
HOA / mo$0.00$0.00
Total monthly$3,596.67$2,787.01
Cash to close$0$41,000