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$508,875$476,999
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$2,544$0
Note rate6.870%7.400%
Blended rate6.870%7.640%
1st payment$3,418.27$3,302.65
2nd payment$0.00$0.00
Taxes / mo$34.42$34.42
Insurance / mo$166.67$166.67
MI / mo$0.00$95.40
HOA / mo$75.00$75.00
Total monthly$3,694.35$3,674.13
Cash to close$21,124$53,000