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$515,529$449,910
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$2,578$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$3,318.36$3,115.09
2nd payment$0.00$0.00
Taxes / mo$231.08$231.08
Insurance / mo$166.67$166.67
MI / mo$0.00$89.98
HOA / mo$67.00$67.00
Total monthly$3,783.11$3,669.82
Cash to close$0$49,990