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$418,607$328,500
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$2,093$0
Note rate7.440%7.400%
Blended rate7.440%7.640%
1st payment$2,988.98$2,274.47
2nd payment$0.00$0.00
Taxes / mo$281.00$281.00
Insurance / mo$150.00$150.00
MI / mo$0.00$65.70
HOA / mo$131.00$131.00
Total monthly$3,550.98$2,902.17
Cash to close$0$36,500