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$372,381$301,500
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$1,862$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$2,401.86$2,087.53
2nd payment$0.00$0.00
Taxes / mo$142.42$142.42
Insurance / mo$150.00$150.00
MI / mo$0.00$60.30
HOA / mo$87.00$87.00
Total monthly$2,781.28$2,527.24
Cash to close$0$33,500