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$397,770$378,000
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$1,989$0
Note rate7.62%7.24%
Blended rate7.62%7.48%
1st payment$2,890.64$2,576.06
2nd payment$0.00$0.00
Taxes / mo$346.42$346.42
Insurance / mo$150.00$150.00
MI / mo$0.00$75.60
HOA / mo$78.00$78.00
Total monthly$3,465.06$3,226.08
Cash to close$22,230$42,000