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$395,076$305,100
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$1,975$0
Note rate6.660%7.400%
Blended rate6.660%7.640%
1st payment$2,613.39$2,112.45
2nd payment$0.00$0.00
Taxes / mo$189.58$189.58
Insurance / mo$150.00$150.00
MI / mo$0.00$61.02
HOA / mo$108.00$108.00
Total monthly$3,060.97$2,621.05
Cash to close$0$33,900