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$519,132$418,500
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$2,596$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$3,318.36$2,897.61
2nd payment$0.00$0.00
Taxes / mo$387.50$387.50
Insurance / mo$166.67$166.67
MI / mo$0.00$83.70
HOA / mo$2.75$2.75
Total monthly$3,875.27$3,538.23
Cash to close$0$46,500