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$563,399$495,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$2,817$0
Note rate6.640%7.400%
Blended rate6.640%7.640%
1st payment$3,719.56$3,427.28
2nd payment$0.00$0.00
Taxes / mo$458.33$458.33
Insurance / mo$166.67$166.67
MI / mo$0.00$99.00
HOA / mo$275.00$275.00
Total monthly$4,619.56$4,426.28
Cash to close$0$55,000