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$503,270$450,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$2,516$0
Note rate6.740%7.400%
Blended rate6.740%7.640%
1st payment$3,355.14$3,115.71
2nd payment$0.00$0.00
Taxes / mo$237.83$237.83
Insurance / mo$166.67$166.67
MI / mo$0.00$90.00
HOA / mo$14.33$14.33
Total monthly$3,773.97$3,624.54
Cash to close$0$50,000