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$414,621$351,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$2,073$0
Note rate6.460%7.400%
Blended rate6.460%7.640%
1st payment$2,669.16$2,430.25
2nd payment$0.00$0.00
Taxes / mo$107.08$107.08
Insurance / mo$150.00$150.00
MI / mo$0.00$70.20
HOA / mo$44.00$44.00
Total monthly$2,970.24$2,801.54
Cash to close$0$39,000