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$598,302$517,500
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$2,992$0
Note rate6.930%7.320%
Blended rate6.930%7.560%
1st payment$4,023.10$3,554.87
2nd payment$0.00$0.00
Taxes / mo$479.17$479.17
Insurance / mo$166.67$166.67
MI / mo$0.00$103.50
HOA / mo$0.00$0.00
Total monthly$4,668.94$4,304.20
Cash to close$0$57,500