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$521,782$477,000
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$2,609$0
Note rate6.820%7.400%
Blended rate6.820%7.640%
1st payment$3,494.93$3,302.65
2nd payment$0.00$0.00
Taxes / mo$121.83$121.83
Insurance / mo$166.67$166.67
MI / mo$0.00$95.40
HOA / mo$26.67$26.67
Total monthly$3,810.10$3,713.22
Cash to close$8,218$53,000