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$500,791$490,500
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$2,504$0
Note rate7.230%7.400%
Blended rate7.230%7.640%
1st payment$3,516.44$3,396.12
2nd payment$0.00$0.00
Taxes / mo$454.17$454.17
Insurance / mo$166.67$166.67
MI / mo$0.00$98.10
HOA / mo$0.00$0.00
Total monthly$4,137.27$4,115.06
Cash to close$44,209$54,500