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$503,646$414,000
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$2,518$0
Note rate7.220%7.320%
Blended rate7.220%7.560%
1st payment$3,505.91$2,843.89
2nd payment$0.00$0.00
Taxes / mo$247.67$247.67
Insurance / mo$166.67$166.67
MI / mo$0.00$82.80
HOA / mo$147.00$147.00
Total monthly$4,067.24$3,488.03
Cash to close$0$46,000