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$421,614$364,500
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$2,108$0
Note rate6.650%7.400%
Blended rate6.650%7.640%
1st payment$2,746.85$2,523.72
2nd payment$0.00$0.00
Taxes / mo$294.86$294.86
Insurance / mo$150.00$150.00
MI / mo$0.00$72.90
HOA / mo$0.00$0.00
Total monthly$3,191.70$3,041.48
Cash to close$0$40,500