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$414,298$323,100
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$2,071$0
Note rate6.270%7.400%
Blended rate6.270%7.640%
1st payment$2,674.68$2,237.08
2nd payment$0.00$0.00
Taxes / mo$191.33$191.33
Insurance / mo$150.00$150.00
MI / mo$0.00$64.62
HOA / mo$575.00$575.00
Total monthly$3,591.02$3,218.03
Cash to close$0$35,900