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$504,133$459,000
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$2,521$0
Note rate6.900%7.320%
Blended rate6.900%7.560%
1st payment$3,431.08$3,153.01
2nd payment$0.00$0.00
Taxes / mo$425.00$425.00
Insurance / mo$166.67$166.67
MI / mo$0.00$91.80
HOA / mo$530.00$530.00
Total monthly$4,552.74$4,366.48
Cash to close$5,867$51,000