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$460,942$369,000
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$2,305$0
Note rate6.740%7.400%
Blended rate6.740%7.640%
1st payment$3,024.49$2,554.88
2nd payment$0.00$0.00
Taxes / mo$89.68$89.68
Insurance / mo$150.00$150.00
MI / mo$0.00$73.80
HOA / mo$21.00$21.00
Total monthly$3,285.17$2,889.36
Cash to close$0$41,000