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$481,271$431,550
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$2,406$0
Note rate6.950%7.400%
Blended rate6.950%7.640%
1st payment$3,258.09$2,987.97
2nd payment$0.00$0.00
Taxes / mo$321.08$321.08
Insurance / mo$166.67$166.67
MI / mo$0.00$86.31
HOA / mo$3.00$3.00
Total monthly$3,748.84$3,565.03
Cash to close$0$47,950