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$404,981$333,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$2,025$0
Note rate6.350%7.400%
Blended rate6.350%7.640%
1st payment$2,578.46$2,305.62
2nd payment$0.00$0.00
Taxes / mo$213.92$213.92
Insurance / mo$150.00$150.00
MI / mo$0.00$66.60
HOA / mo$65.00$65.00
Total monthly$3,007.38$2,801.14
Cash to close$0$37,000