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$466,575$427,500
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$2,333$0
Note rate6.990%7.400%
Blended rate6.990%7.640%
1st payment$3,173.95$2,959.92
2nd payment$0.00$0.00
Taxes / mo$139.31$139.31
Insurance / mo$166.67$166.67
MI / mo$0.00$85.50
HOA / mo$23.67$23.67
Total monthly$3,503.60$3,375.07
Cash to close$8,425$47,500