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$422,427$387,000
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$2,112$0
Note rate6.9%7.24%
Blended rate6.9%7.48%
1st payment$2,906.49$2,637.40
2nd payment$0.00$0.00
Taxes / mo$245.50$245.50
Insurance / mo$150.00$150.00
MI / mo$0.00$77.40
HOA / mo$0.00$0.00
Total monthly$3,301.99$3,110.30
Cash to close$7,573$43,000