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$578,236$342,000
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$2,891$0
Note rate5.520%7.400%
Blended rate5.520%7.640%
1st payment$3,499.62$2,367.94
2nd payment$0.00$0.00
Taxes / mo$504.26$504.26
Insurance / mo$150.00$150.00
MI / mo$0.00$68.40
HOA / mo$124.00$124.00
Total monthly$4,277.88$3,214.60
Cash to close$0$38,000