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$455,854$387,000
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$2,279$0
Note rate5.520%7.400%
Blended rate5.520%7.640%
1st payment$2,758.94$2,679.51
2nd payment$0.00$0.00
Taxes / mo$322.33$322.33
Insurance / mo$150.00$150.00
MI / mo$0.00$77.40
HOA / mo$30.00$30.00
Total monthly$3,261.27$3,259.24
Cash to close$0$43,000