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$480,832$391,500
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$2,404$0
Note rate6.640%7.400%
Blended rate6.640%7.640%
1st payment$3,174.45$2,710.67
2nd payment$0.00$0.00
Taxes / mo$373.50$373.50
Insurance / mo$150.00$150.00
MI / mo$0.00$78.30
HOA / mo$11.67$11.67
Total monthly$3,709.62$3,324.14
Cash to close$0$43,500