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$582,421$423,900
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$2,912$0
Note rate5.300%7.320%
Blended rate5.300%7.560%
1st payment$3,442.89$2,911.90
2nd payment$0.00$0.00
Taxes / mo$398.58$398.58
Insurance / mo$166.67$166.67
MI / mo$0.00$84.78
HOA / mo$35.00$35.00
Total monthly$4,043.14$3,596.93
Cash to close$0$47,100