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$386,227$319,500
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$1,931$0
Note rate6.890%7.400%
Blended rate6.890%7.640%
1st payment$2,631.69$2,212.15
2nd payment$0.00$0.00
Taxes / mo$181.42$181.42
Insurance / mo$150.00$150.00
MI / mo$0.00$63.90
HOA / mo$83.33$83.33
Total monthly$3,046.44$2,690.80
Cash to close$0$35,500