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$457,730$396,000
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$2,289$0
Note rate6.78%7.24%
Blended rate6.78%7.48%
1st payment$3,047.80$2,698.73
2nd payment$0.00$0.00
Taxes / mo$200.92$200.92
Insurance / mo$150.00$150.00
MI / mo$0.00$79.20
HOA / mo$3.83$3.83
Total monthly$3,402.54$3,132.68
Cash to close$0$44,000