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$494,506$450,000
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$2,473$0
Note rate6.720%7.400%
Blended rate6.720%7.640%
1st payment$3,260.24$3,115.71
2nd payment$0.00$0.00
Taxes / mo$111.19$111.19
Insurance / mo$166.67$166.67
MI / mo$0.00$90.00
HOA / mo$0.00$0.00
Total monthly$3,538.09$3,483.57
Cash to close$5,494$50,000