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$485,919$359,100
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$2,430$0
Note rate6.580%7.320%
Blended rate6.580%7.560%
1st payment$3,134.43$2,466.77
2nd payment$0.00$0.00
Taxes / mo$332.50$332.50
Insurance / mo$150.00$150.00
MI / mo$0.00$71.82
HOA / mo$0.00$0.00
Total monthly$3,616.93$3,021.09
Cash to close$0$39,900