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$404,113$378,000
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$2,021$0
Note rate6.870%7.400%
Blended rate6.870%7.640%
1st payment$2,698.80$2,617.20
2nd payment$0.00$0.00
Taxes / mo$82.67$82.67
Insurance / mo$150.00$150.00
MI / mo$0.00$75.60
HOA / mo$47.00$47.00
Total monthly$2,978.47$2,972.46
Cash to close$15,887$42,000