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$553,469$499,500
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$2,767$0
Note rate6.790%7.400%
Blended rate6.790%7.640%
1st payment$3,700.13$3,458.44
2nd payment$0.00$0.00
Taxes / mo$416.25$416.25
Insurance / mo$166.67$166.67
MI / mo$0.00$99.90
HOA / mo$13.25$13.25
Total monthly$4,296.30$4,154.50
Cash to close$1,531$55,500