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$389,822$348,750
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$1,949$0
Note rate6.810%7.400%
Blended rate6.810%7.640%
1st payment$2,633.15$2,414.67
2nd payment$0.00$0.00
Taxes / mo$108.42$108.42
Insurance / mo$150.00$150.00
MI / mo$0.00$69.75
HOA / mo$73.00$73.00
Total monthly$2,964.57$2,815.84
Cash to close$0$38,750