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$516,286$472,410
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$2,581$0
Note rate6.630%7.400%
Blended rate6.630%7.640%
1st payment$3,401.56$3,270.87
2nd payment$0.00$0.00
Taxes / mo$437.42$437.42
Insurance / mo$166.67$166.67
MI / mo$0.00$94.48
HOA / mo$195.00$195.00
Total monthly$4,200.65$4,164.44
Cash to close$8,614$52,490