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$591,920$477,000
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$2,960$0
Note rate6.770%7.400%
Blended rate6.770%7.640%
1st payment$3,899.24$3,302.65
2nd payment$0.00$0.00
Taxes / mo$218.17$218.17
Insurance / mo$166.67$166.67
MI / mo$0.00$95.40
HOA / mo$54.00$54.00
Total monthly$4,338.08$3,836.88
Cash to close$0$53,000