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$450,233$283,500
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$2,251$0
Note rate5.300%7.400%
Blended rate5.300%7.640%
1st payment$2,665.46$1,962.90
2nd payment$0.00$0.00
Taxes / mo$92.58$92.58
Insurance / mo$150.00$150.00
MI / mo$0.00$56.70
HOA / mo$0.00$0.00
Total monthly$2,908.05$2,262.18
Cash to close$0$31,500