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$600,336$558,450
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$3,002$0
Note rate6.880%7.320%
Blended rate6.880%7.560%
1st payment$4,048.67$3,836.16
2nd payment$0.00$0.00
Taxes / mo$575.25$575.25
Insurance / mo$166.67$166.67
MI / mo$0.00$111.69
HOA / mo$60.00$60.00
Total monthly$4,850.59$4,749.77
Cash to close$20,164$62,050