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$412,074$405,000
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$2,060$0
Note rate7.230%7.400%
Blended rate7.230%7.640%
1st payment$2,893.49$2,804.14
2nd payment$0.00$0.00
Taxes / mo$95.92$95.92
Insurance / mo$150.00$150.00
MI / mo$0.00$81.00
HOA / mo$0.00$0.00
Total monthly$3,139.40$3,131.05
Cash to close$37,926$45,000