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$524,659$405,000
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$2,623$0
Note rate5.300%7.320%
Blended rate5.300%7.560%
1st payment$3,110.76$2,782.07
2nd payment$0.00$0.00
Taxes / mo$394.08$394.08
Insurance / mo$150.00$150.00
MI / mo$0.00$81.00
HOA / mo$85.00$85.00
Total monthly$3,739.84$3,492.15
Cash to close$0$45,000