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$521,312$490,499
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$2,607$0
Note rate7.440%7.400%
Blended rate7.440%7.640%
1st payment$3,718.84$3,396.12
2nd payment$0.00$0.00
Taxes / mo$454.17$454.17
Insurance / mo$166.67$166.67
MI / mo$0.00$98.10
HOA / mo$82.00$82.00
Total monthly$4,421.67$4,197.05
Cash to close$23,687$54,500