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$438,711$297,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$2,194$0
Note rate6.850%7.400%
Blended rate6.850%7.640%
1st payment$2,935.42$2,056.37
2nd payment$0.00$0.00
Taxes / mo$275.00$275.00
Insurance / mo$150.00$150.00
MI / mo$0.00$59.40
HOA / mo$505.00$505.00
Total monthly$3,865.42$3,045.77
Cash to close$0$33,000