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$452,502$409,500
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$2,263$0
Note rate6.740%7.400%
Blended rate6.740%7.640%
1st payment$3,013.55$2,835.30
2nd payment$0.00$0.00
Taxes / mo$143.64$143.64
Insurance / mo$166.67$166.67
MI / mo$0.00$81.90
HOA / mo$17.33$17.33
Total monthly$3,341.18$3,244.83
Cash to close$2,498$45,500