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$543,290$409,500
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$2,716$0
Note rate6.920%7.400%
Blended rate6.920%7.640%
1st payment$3,667.25$2,835.30
2nd payment$0.00$0.00
Taxes / mo$316.92$316.92
Insurance / mo$166.67$166.67
MI / mo$0.00$81.90
HOA / mo$16.92$16.92
Total monthly$4,167.75$3,417.70
Cash to close$0$45,500