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$528,915$432,000
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$2,645$0
Note rate6.780%7.320%
Blended rate6.780%7.560%
1st payment$3,525.34$2,967.54
2nd payment$0.00$0.00
Taxes / mo$400.00$400.00
Insurance / mo$166.67$166.67
MI / mo$0.00$86.40
HOA / mo$194.00$194.00
Total monthly$4,286.01$3,814.61
Cash to close$0$48,000