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$436,571$373,500
Remaining term (yrs)24.130.0
Secondary amount$0$0
Funding fee$2,183$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$2,984.42$2,586.04
2nd payment$0.00$0.00
Taxes / mo$205.31$205.31
Insurance / mo$150.00$150.00
MI / mo$0.00$74.70
HOA / mo$0.00$0.00
Total monthly$3,339.72$3,016.05
Cash to close$0$41,500