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$395,712$346,500
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$1,979$0
Note rate6.720%7.400%
Blended rate6.720%7.640%
1st payment$2,586.42$2,399.10
2nd payment$0.00$0.00
Taxes / mo$486.50$486.50
Insurance / mo$150.00$150.00
MI / mo$0.00$69.30
HOA / mo$98.00$98.00
Total monthly$3,320.92$3,202.90
Cash to close$0$38,500