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$503,933$468,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$2,520$0
Note rate6.890%7.400%
Blended rate6.890%7.640%
1st payment$3,388.35$3,240.34
2nd payment$0.00$0.00
Taxes / mo$433.33$433.33
Insurance / mo$166.67$166.67
MI / mo$0.00$93.60
HOA / mo$63.00$63.00
Total monthly$4,051.35$3,996.94
Cash to close$16,067$52,000