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$557,683$508,499
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$2,788$0
Note rate6.860%7.400%
Blended rate6.860%7.640%
1st payment$3,738.78$3,520.75
2nd payment$0.00$0.00
Taxes / mo$470.83$470.83
Insurance / mo$166.67$166.67
MI / mo$0.00$101.70
HOA / mo$0.00$0.00
Total monthly$4,376.28$4,259.94
Cash to close$7,316$56,500