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$505,478$485,910
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$2,527$0
Note rate7.180%7.400%
Blended rate7.180%7.640%
1st payment$3,529.20$3,364.34
2nd payment$0.00$0.00
Taxes / mo$199.83$199.83
Insurance / mo$166.67$166.67
MI / mo$0.00$97.18
HOA / mo$185.00$185.00
Total monthly$4,080.70$4,013.02
Cash to close$34,422$53,990