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$396,108$292,500
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$1,981$0
Note rate6.890%7.400%
Blended rate6.890%7.640%
1st payment$2,638.24$2,025.21
2nd payment$0.00$0.00
Taxes / mo$48.33$48.33
Insurance / mo$150.00$150.00
MI / mo$0.00$58.50
HOA / mo$143.33$143.33
Total monthly$2,979.90$2,425.37
Cash to close$0$32,500