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$456,615$387,000
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$2,283$0
Note rate5.520%7.400%
Blended rate5.520%7.640%
1st payment$2,763.55$2,679.51
2nd payment$0.00$0.00
Taxes / mo$407.67$407.67
Insurance / mo$150.00$150.00
MI / mo$0.00$77.40
HOA / mo$76.00$76.00
Total monthly$3,397.21$3,390.58
Cash to close$0$43,000