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$557,675$522,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$2,788$0
Note rate6.890%7.400%
Blended rate6.890%7.640%
1st payment$3,749.70$3,614.22
2nd payment$0.00$0.00
Taxes / mo$359.04$359.04
Insurance / mo$166.67$166.67
MI / mo$0.00$104.40
HOA / mo$31.67$31.67
Total monthly$4,307.08$4,276.00
Cash to close$22,325$58,000