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$420,190$376,200
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$2,101$0
Note rate7.030%7.400%
Blended rate7.030%7.640%
1st payment$2,869.47$2,604.73
2nd payment$0.00$0.00
Taxes / mo$125.50$125.50
Insurance / mo$150.00$150.00
MI / mo$0.00$75.24
HOA / mo$0.00$0.00
Total monthly$3,144.97$2,955.47
Cash to close$0$41,800