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$462,457$387,000
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$2,312$0
Note rate6.260%7.400%
Blended rate6.260%7.640%
1st payment$2,971.80$2,679.51
2nd payment$0.00$0.00
Taxes / mo$213.00$213.00
Insurance / mo$150.00$150.00
MI / mo$0.00$77.40
HOA / mo$0.00$0.00
Total monthly$3,334.80$3,119.90
Cash to close$0$43,000