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$398,161$323,100
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$1,991$0
Note rate6.340%7.400%
Blended rate6.340%7.640%
1st payment$2,498.76$2,237.08
2nd payment$0.00$0.00
Taxes / mo$259.17$259.17
Insurance / mo$150.00$150.00
MI / mo$0.00$64.62
HOA / mo$1,462.00$1,462.00
Total monthly$4,369.93$4,172.87
Cash to close$0$35,900