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$565,403$490,500
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$2,827$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$3,654.42$3,396.12
2nd payment$0.00$0.00
Taxes / mo$209.83$209.83
Insurance / mo$166.67$166.67
MI / mo$0.00$98.10
HOA / mo$128.00$128.00
Total monthly$4,158.92$3,998.72
Cash to close$0$54,500