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$389,977$324,000
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$1,950$0
Note rate5.09%7.18%
Blended rate5.09%7.42%
1st payment$2,263.62$2,194.89
2nd payment$0.00$0.00
Taxes / mo$108.83$108.83
Insurance / mo$150.00$150.00
MI / mo$0.00$64.80
HOA / mo$115.00$115.00
Total monthly$2,637.45$2,633.52
Cash to close$0$36,000