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$595,390$539,996
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$2,977$0
Note rate7.180%7.400%
Blended rate7.180%7.640%
1st payment$4,156.96$3,738.82
2nd payment$0.00$0.00
Taxes / mo$500.00$500.00
Insurance / mo$166.67$166.67
MI / mo$0.00$108.00
HOA / mo$215.00$215.00
Total monthly$5,038.62$4,728.48
Cash to close$4,605$60,000