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$429,059$378,000
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$2,145$0
Note rate6.780%7.400%
Blended rate6.780%7.640%
1st payment$2,889.87$2,617.20
2nd payment$0.00$0.00
Taxes / mo$379.83$379.83
Insurance / mo$150.00$150.00
MI / mo$0.00$75.60
HOA / mo$57.00$57.00
Total monthly$3,476.70$3,279.63
Cash to close$0$42,000