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$386,871$360,000
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$1,934$0
Note rate6.940%7.400%
Blended rate6.940%7.640%
1st payment$2,671.83$2,492.57
2nd payment$0.00$0.00
Taxes / mo$172.93$172.93
Insurance / mo$150.00$150.00
MI / mo$0.00$72.00
HOA / mo$0.00$0.00
Total monthly$2,994.76$2,887.50
Cash to close$13,129$40,000