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$552,939$432,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$2,765$0
Note rate6.770%7.400%
Blended rate6.770%7.640%
1st payment$3,674.45$2,991.08
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$29.17$29.17
Total monthly$4,270.29$3,673.32
Cash to close$0$48,000