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$421,720$389,700
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$2,109$0
Note rate6.82%7.24%
Blended rate6.82%7.48%
1st payment$2,827.58$2,655.80
2nd payment$0.00$0.00
Taxes / mo$267.50$267.50
Insurance / mo$150.00$150.00
MI / mo$0.00$77.94
HOA / mo$0.00$0.00
Total monthly$3,245.08$3,151.24
Cash to close$11,280$43,300