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$421,203$353,700
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$2,106$0
Note rate6.65%7.24%
Blended rate6.65%7.48%
1st payment$2,746.85$2,410.46
2nd payment$0.00$0.00
Taxes / mo$294.83$294.83
Insurance / mo$150.00$150.00
MI / mo$0.00$70.74
HOA / mo$174.00$174.00
Total monthly$3,365.68$3,100.03
Cash to close$0$39,300