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$429,097$342,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$2,145$0
Note rate6.5%7.24%
Blended rate6.5%7.48%
1st payment$2,776.33$2,330.72
2nd payment$0.00$0.00
Taxes / mo$360.67$360.67
Insurance / mo$150.00$150.00
MI / mo$0.00$68.40
HOA / mo$0.00$0.00
Total monthly$3,286.99$2,909.79
Cash to close$0$38,000