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$541,069$490,500
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$2,705$0
Note rate7.030%7.320%
Blended rate7.030%7.560%
1st payment$3,694.94$3,369.39
2nd payment$0.00$0.00
Taxes / mo$521.50$521.50
Insurance / mo$166.67$166.67
MI / mo$0.00$98.10
HOA / mo$0.00$0.00
Total monthly$4,383.11$4,155.66
Cash to close$3,931$54,500