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$471,448$441,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$2,357$0
Note rate6.770%7.320%
Blended rate6.770%7.560%
1st payment$3,148.90$3,029.36
2nd payment$0.00$0.00
Taxes / mo$343.50$343.50
Insurance / mo$166.67$166.67
MI / mo$0.00$88.20
HOA / mo$0.00$0.00
Total monthly$3,659.07$3,627.73
Cash to close$18,552$49,000