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$470,301$422,100
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$2,352$0
Note rate6.920%7.400%
Blended rate6.920%7.640%
1st payment$3,241.95$2,922.54
2nd payment$0.00$0.00
Taxes / mo$554.60$554.60
Insurance / mo$166.67$166.67
MI / mo$0.00$84.42
HOA / mo$100.00$100.00
Total monthly$4,063.22$3,828.23
Cash to close$0$46,900