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$469,214$386,999
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$2,346$0
Note rate7.060%7.400%
Blended rate7.060%7.640%
1st payment$3,213.52$2,679.50
2nd payment$0.00$0.00
Taxes / mo$358.33$358.33
Insurance / mo$150.00$150.00
MI / mo$0.00$77.40
HOA / mo$620.00$620.00
Total monthly$4,341.85$3,885.24
Cash to close$0$43,000