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$393,196$359,999
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$1,966$0
Note rate6.860%7.400%
Blended rate6.860%7.640%
1st payment$2,608.65$2,492.56
2nd payment$0.00$0.00
Taxes / mo$181.67$181.67
Insurance / mo$150.00$150.00
MI / mo$0.00$72.00
HOA / mo$26.67$26.67
Total monthly$2,966.99$2,922.90
Cash to close$6,803$40,000