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$388,501$305,100
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$1,943$0
Note rate6.080%7.400%
Blended rate6.080%7.640%
1st payment$2,403.98$2,112.45
2nd payment$0.00$0.00
Taxes / mo$624.00$624.00
Insurance / mo$150.00$150.00
MI / mo$0.00$61.02
HOA / mo$36.67$36.67
Total monthly$3,214.65$2,984.14
Cash to close$0$33,900