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$384,285$360,000
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$1,921$0
Note rate6.920%7.400%
Blended rate6.920%7.640%
1st payment$2,655.01$2,492.57
2nd payment$0.00$0.00
Taxes / mo$614.43$614.43
Insurance / mo$150.00$150.00
MI / mo$0.00$72.00
HOA / mo$0.00$0.00
Total monthly$3,419.45$3,329.00
Cash to close$15,715$40,000