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$480,667$342,000
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$2,403$0
Note rate6.85%7.24%
Blended rate6.85%7.48%
1st payment$3,222.50$2,330.72
2nd payment$0.00$0.00
Taxes / mo$216.67$216.67
Insurance / mo$150.00$150.00
MI / mo$0.00$68.40
HOA / mo$0.00$0.00
Total monthly$3,589.17$2,765.79
Cash to close$0$38,000