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$377,011$328,500
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$1,885$0
Note rate7.040%7.400%
Blended rate7.040%7.640%
1st payment$2,557.77$2,274.47
2nd payment$0.00$0.00
Taxes / mo$117.25$117.25
Insurance / mo$150.00$150.00
MI / mo$0.00$65.70
HOA / mo$135.00$135.00
Total monthly$2,960.02$2,742.42
Cash to close$0$36,500