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$387,724$324,000
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$1,939$0
Note rate6.850%7.400%
Blended rate6.850%7.640%
1st payment$2,572.15$2,243.31
2nd payment$0.00$0.00
Taxes / mo$145.00$145.00
Insurance / mo$150.00$150.00
MI / mo$0.00$64.80
HOA / mo$66.67$66.67
Total monthly$2,933.82$2,669.78
Cash to close$0$36,000