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$386,531$346,410
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$1,933$0
Note rate7.490%7.400%
Blended rate7.490%7.640%
1st payment$2,778.01$2,398.47
2nd payment$0.00$0.00
Taxes / mo$349.50$349.50
Insurance / mo$150.00$150.00
MI / mo$0.00$69.28
HOA / mo$231.00$231.00
Total monthly$3,508.51$3,198.25
Cash to close$0$38,490