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$602,386$467,910
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$3,012$0
Note rate6.650%7.400%
Blended rate6.650%7.640%
1st payment$3,924.59$3,239.71
2nd payment$0.00$0.00
Taxes / mo$251.17$251.17
Insurance / mo$166.67$166.67
MI / mo$0.00$93.58
HOA / mo$62.00$62.00
Total monthly$4,404.42$3,813.13
Cash to close$0$51,990