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$399,429$311,391
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$1,997$0
Note rate6.950%7.400%
Blended rate6.950%7.640%
1st payment$2,704.04$2,156.01
2nd payment$0.00$0.00
Taxes / mo$989.83$989.83
Insurance / mo$150.00$150.00
MI / mo$0.00$62.28
HOA / mo$63.00$63.00
Total monthly$3,906.87$3,421.12
Cash to close$0$34,599