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$396,233$373,500
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$1,981$0
Note rate7.630%7.400%
Blended rate7.630%7.640%
1st payment$2,882.12$2,586.04
2nd payment$0.00$0.00
Taxes / mo$177.42$177.42
Insurance / mo$150.00$150.00
MI / mo$0.00$74.70
HOA / mo$164.67$164.67
Total monthly$3,374.21$3,152.83
Cash to close$18,767$41,500