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$404,916$346,410
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$2,025$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$2,611.71$2,398.47
2nd payment$0.00$0.00
Taxes / mo$537.00$537.00
Insurance / mo$150.00$150.00
MI / mo$0.00$69.28
HOA / mo$0.00$0.00
Total monthly$3,298.71$3,154.75
Cash to close$0$38,490