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$390,323$341,999
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$1,952$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$2,515.00$2,367.93
2nd payment$0.00$0.00
Taxes / mo$316.67$316.67
Insurance / mo$150.00$150.00
MI / mo$0.00$68.40
HOA / mo$400.00$400.00
Total monthly$3,381.66$3,303.00
Cash to close$0$38,000