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$479,983$404,910
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$2,400$0
Note rate6.920%7.400%
Blended rate6.920%7.640%
1st payment$3,239.92$2,803.52
2nd payment$0.00$0.00
Taxes / mo$374.92$374.92
Insurance / mo$150.00$150.00
MI / mo$0.00$80.98
HOA / mo$580.00$580.00
Total monthly$4,344.84$3,989.41
Cash to close$0$44,990