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$405,467$315,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$2,027$0
Note rate6.940%7.400%
Blended rate6.940%7.640%
1st payment$2,750.39$2,181.00
2nd payment$0.00$0.00
Taxes / mo$70.67$70.67
Insurance / mo$150.00$150.00
MI / mo$0.00$63.00
HOA / mo$33.33$33.33
Total monthly$3,004.38$2,497.99
Cash to close$0$35,000