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$479,554$436,410
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$2,398$0
Note rate6.850%7.320%
Blended rate6.850%7.560%
1st payment$3,181.35$2,997.83
2nd payment$0.00$0.00
Taxes / mo$61.58$61.58
Insurance / mo$166.67$166.67
MI / mo$0.00$87.28
HOA / mo$149.17$149.17
Total monthly$3,558.77$3,462.54
Cash to close$5,346$48,490