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$609,575$486,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$3,048$0
Note rate6.140%7.320%
Blended rate6.140%7.560%
1st payment$3,803.63$3,338.48
2nd payment$0.00$0.00
Taxes / mo$582.58$582.58
Insurance / mo$166.67$166.67
MI / mo$0.00$97.20
HOA / mo$40.33$40.33
Total monthly$4,593.21$4,225.26
Cash to close$0$54,000