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$592,221$504,000
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$2,961$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$3,789.25$3,489.59
2nd payment$0.00$0.00
Taxes / mo$158.94$158.94
Insurance / mo$166.67$166.67
MI / mo$0.00$100.80
HOA / mo$46.67$46.67
Total monthly$4,161.53$3,962.67
Cash to close$0$56,000