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$547,695$498,960
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$2,738$0
Note rate6.810%7.320%
Blended rate6.810%7.560%
1st payment$3,639.61$3,427.51
2nd payment$0.00$0.00
Taxes / mo$414.42$414.42
Insurance / mo$166.67$166.67
MI / mo$0.00$99.79
HOA / mo$0.00$0.00
Total monthly$4,220.69$4,108.38
Cash to close$6,705$55,440