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$414,408$395,910
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$2,072$0
Note rate7.220%7.400%
Blended rate7.220%7.640%
1st payment$2,887.44$2,741.20
2nd payment$0.00$0.00
Taxes / mo$190.50$190.50
Insurance / mo$150.00$150.00
MI / mo$0.00$79.18
HOA / mo$134.00$134.00
Total monthly$3,361.94$3,294.88
Cash to close$25,492$43,990