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$577,424$494,910
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$2,887$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$3,732.12$3,426.66
2nd payment$0.00$0.00
Taxes / mo$458.25$458.25
Insurance / mo$166.67$166.67
MI / mo$0.00$98.98
HOA / mo$194.00$194.00
Total monthly$4,551.03$4,344.56
Cash to close$0$54,990