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$424,960$388,800
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$2,125$0
Note rate7.040%7.400%
Blended rate7.040%7.640%
1st payment$2,885.72$2,691.97
2nd payment$0.00$0.00
Taxes / mo$542.75$542.75
Insurance / mo$150.00$150.00
MI / mo$0.00$77.76
HOA / mo$0.00$0.00
Total monthly$3,578.47$3,462.48
Cash to close$7,040$43,200