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$392,338$360,000
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$1,962$0
Note rate6.6%7.24%
Blended rate6.6%7.48%
1st payment$2,553.42$2,453.39
2nd payment$0.00$0.00
Taxes / mo$197.08$197.08
Insurance / mo$150.00$150.00
MI / mo$0.00$72.00
HOA / mo$389.00$389.00
Total monthly$3,289.51$3,261.48
Cash to close$7,662$40,000