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$560,208$481,500
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$2,801$0
Note rate6.920%7.400%
Blended rate6.920%7.640%
1st payment$3,781.45$3,333.81
2nd payment$0.00$0.00
Taxes / mo$348.17$348.17
Insurance / mo$166.67$166.67
MI / mo$0.00$96.30
HOA / mo$90.00$90.00
Total monthly$4,386.28$4,034.94
Cash to close$0$53,500