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$447,150$413,100
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$2,236$0
Note rate6.820%7.400%
Blended rate6.820%7.640%
1st payment$2,998.08$2,860.22
2nd payment$0.00$0.00
Taxes / mo$382.50$382.50
Insurance / mo$166.67$166.67
MI / mo$0.00$82.62
HOA / mo$475.00$475.00
Total monthly$4,022.25$3,967.01
Cash to close$11,850$45,900