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$571,705$562,500
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$2,859$0
Note rate7.220%7.320%
Blended rate7.220%7.560%
1st payment$3,994.90$3,863.98
2nd payment$0.00$0.00
Taxes / mo$520.83$520.83
Insurance / mo$166.67$166.67
MI / mo$0.00$112.50
HOA / mo$0.00$0.00
Total monthly$4,682.40$4,663.98
Cash to close$53,295$62,500