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$413,073$373,500
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$2,065$0
Note rate7.230%7.400%
Blended rate7.230%7.640%
1st payment$2,906.31$2,586.04
2nd payment$0.00$0.00
Taxes / mo$384.75$384.75
Insurance / mo$150.00$150.00
MI / mo$0.00$74.70
HOA / mo$52.00$52.00
Total monthly$3,493.06$3,247.49
Cash to close$1,927$41,500