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$482,236$441,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$2,411$0
Note rate6.940%7.400%
Blended rate6.940%7.640%
1st payment$3,274.40$3,053.39
2nd payment$0.00$0.00
Taxes / mo$425.25$425.25
Insurance / mo$166.67$166.67
MI / mo$0.00$88.20
HOA / mo$0.00$0.00
Total monthly$3,866.32$3,733.51
Cash to close$7,764$49,000