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$490,071$449,910
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$2,450$0
Note rate6.960%7.400%
Blended rate6.960%7.640%
1st payment$3,354.51$3,115.09
2nd payment$0.00$0.00
Taxes / mo$702.83$702.83
Insurance / mo$166.67$166.67
MI / mo$0.00$89.98
HOA / mo$140.33$140.33
Total monthly$4,364.34$4,214.90
Cash to close$9,829$49,990