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$480,490$441,000
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$2,402$0
Note rate7.220%7.320%
Blended rate7.220%7.560%
1st payment$3,344.72$3,029.36
2nd payment$0.00$0.00
Taxes / mo$194.08$194.08
Insurance / mo$166.67$166.67
MI / mo$0.00$88.20
HOA / mo$45.00$45.00
Total monthly$3,750.47$3,523.31
Cash to close$9,510$49,000