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$391,110$337,500
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$1,956$0
Note rate6.720%7.400%
Blended rate6.720%7.640%
1st payment$2,573.49$2,336.78
2nd payment$0.00$0.00
Taxes / mo$139.25$139.25
Insurance / mo$150.00$150.00
MI / mo$0.00$67.50
HOA / mo$64.00$64.00
Total monthly$2,926.74$2,757.53
Cash to close$0$37,500