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$408,654$337,500
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$2,043$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$2,697.63$2,336.78
2nd payment$0.00$0.00
Taxes / mo$688.83$688.83
Insurance / mo$150.00$150.00
MI / mo$0.00$67.50
HOA / mo$8.33$8.33
Total monthly$3,544.80$3,251.45
Cash to close$0$37,500