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$562,172$459,000
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$2,811$0
Note rate6.770%7.400%
Blended rate6.770%7.640%
1st payment$3,739.56$3,178.02
2nd payment$0.00$0.00
Taxes / mo$702.67$702.67
Insurance / mo$166.67$166.67
MI / mo$0.00$91.80
HOA / mo$55.00$55.00
Total monthly$4,663.90$4,194.16
Cash to close$0$51,000