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$442,342$404,999
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$2,212$0
Note rate6.890%7.400%
Blended rate6.890%7.640%
1st payment$2,977.14$2,804.13
2nd payment$0.00$0.00
Taxes / mo$177.08$177.08
Insurance / mo$0.00$0.00
MI / mo$0.00$81.00
HOA / mo$90.00$90.00
Total monthly$3,244.22$3,152.22
Cash to close$7,657$45,000