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$481,209$359,910
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$2,406$0
Note rate6.820%7.400%
Blended rate6.820%7.640%
1st payment$3,236.42$2,491.94
2nd payment$0.00$0.00
Taxes / mo$333.25$333.25
Insurance / mo$150.00$150.00
MI / mo$0.00$71.98
HOA / mo$425.00$425.00
Total monthly$4,144.67$3,472.18
Cash to close$0$39,990