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$391,596$371,250
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$1,958$0
Note rate6.87%7.18%
Blended rate6.87%7.42%
1st payment$2,638.37$2,514.98
2nd payment$0.00$0.00
Taxes / mo$205.00$205.00
Insurance / mo$150.00$150.00
MI / mo$0.00$74.25
HOA / mo$111.00$111.00
Total monthly$3,104.37$3,055.23
Cash to close$20,904$41,250