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$609,711$435,600
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$3,049$0
Note rate6.880%7.320%
Blended rate6.880%7.560%
1st payment$4,116.06$2,992.27
2nd payment$0.00$0.00
Taxes / mo$320.83$320.83
Insurance / mo$166.67$166.67
MI / mo$0.00$87.12
HOA / mo$269.00$269.00
Total monthly$4,872.56$3,835.89
Cash to close$0$48,400