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$410,445$337,500
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$2,052$0
Note rate6.220%7.400%
Blended rate6.220%7.640%
1st payment$2,646.82$2,336.78
2nd payment$0.00$0.00
Taxes / mo$125.50$125.50
Insurance / mo$150.00$150.00
MI / mo$0.00$67.50
HOA / mo$120.00$120.00
Total monthly$3,042.32$2,799.78
Cash to close$0$37,500