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$371,474$292,500
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$1,857$0
Note rate6.39%7.24%
Blended rate6.39%7.48%
1st payment$2,420.52$1,993.38
2nd payment$0.00$0.00
Taxes / mo$163.42$163.42
Insurance / mo$150.00$150.00
MI / mo$0.00$58.50
HOA / mo$700.00$700.00
Total monthly$3,433.93$3,065.30
Cash to close$0$32,500