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$479,315$369,000
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$2,397$0
Note rate6.460%7.400%
Blended rate6.460%7.640%
1st payment$3,092.17$2,554.88
2nd payment$0.00$0.00
Taxes / mo$94.83$94.83
Insurance / mo$150.00$150.00
MI / mo$0.00$73.80
HOA / mo$68.00$68.00
Total monthly$3,405.01$2,941.51
Cash to close$0$41,000