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$397,063$359,996
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$1,985$0
Note rate6.780%7.400%
Blended rate6.780%7.640%
1st payment$2,654.65$2,492.54
2nd payment$0.00$0.00
Taxes / mo$360.67$360.67
Insurance / mo$150.00$150.00
MI / mo$0.00$72.00
HOA / mo$57.00$57.00
Total monthly$3,222.32$3,132.20
Cash to close$2,932$40,000