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$585,061$575,100
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$2,925$0
Note rate7.790%7.400%
Blended rate7.790%7.640%
1st payment$4,318.50$3,981.88
2nd payment$0.00$0.00
Taxes / mo$532.50$532.50
Insurance / mo$166.67$166.67
MI / mo$0.00$115.02
HOA / mo$458.00$458.00
Total monthly$5,475.67$5,254.06
Cash to close$53,939$63,900