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$409,523$350,100
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$2,048$0
Note rate6.490%7.240%
Blended rate6.490%7.480%
1st payment$2,641.51$2,385.92
2nd payment$0.00$0.00
Taxes / mo$233.33$233.33
Insurance / mo$150.00$150.00
MI / mo$0.00$70.02
HOA / mo$322.00$322.00
Total monthly$3,346.84$3,161.28
Cash to close$0$38,900