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$589,388$481,500
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$2,947$0
Note rate5.220%7.400%
Blended rate5.220%7.640%
1st payment$3,445.59$3,333.81
2nd payment$0.00$0.00
Taxes / mo$304.42$304.42
Insurance / mo$166.67$166.67
MI / mo$0.00$96.30
HOA / mo$0.00$0.00
Total monthly$3,916.67$3,901.19
Cash to close$0$53,500