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$585,018$137,700
Remaining term (yrs)25.230.0
Secondary amount$0$0
Funding fee$2,925$0
Note rate3.050%7.400%
Blended rate3.050%7.640%
1st payment$2,764.99$953.41
2nd payment$0.00$0.00
Taxes / mo$127.50$127.50
Insurance / mo$150.00$150.00
MI / mo$0.00$27.54
HOA / mo$0.00$0.00
Total monthly$3,042.49$1,258.45
Cash to close$0$15,300