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$518,850$481,500
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$2,594$0
Note rate6.870%7.400%
Blended rate6.870%7.640%
1st payment$3,485.28$3,333.81
2nd payment$0.00$0.00
Taxes / mo$278.75$278.75
Insurance / mo$166.67$166.67
MI / mo$0.00$96.30
HOA / mo$47.00$47.00
Total monthly$3,977.69$3,922.53
Cash to close$16,150$53,500