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$488,783$431,100
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$2,444$0
Note rate6.760%7.400%
Blended rate6.760%7.640%
1st payment$3,216.62$2,984.85
2nd payment$0.00$0.00
Taxes / mo$278.09$278.09
Insurance / mo$166.67$166.67
MI / mo$0.00$86.22
HOA / mo$87.00$87.00
Total monthly$3,748.39$3,602.83
Cash to close$0$47,900