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$407,777$373,500
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$2,039$0
Note rate6.880%7.400%
Blended rate6.880%7.640%
1st payment$2,747.29$2,586.04
2nd payment$0.00$0.00
Taxes / mo$241.75$241.75
Insurance / mo$150.00$150.00
MI / mo$0.00$74.70
HOA / mo$177.67$177.67
Total monthly$3,316.71$3,230.16
Cash to close$7,223$41,500