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$501,355$414,000
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$2,507$0
Note rate7.440%7.400%
Blended rate7.440%7.640%
1st payment$3,579.82$2,866.45
2nd payment$0.00$0.00
Taxes / mo$233.25$233.25
Insurance / mo$166.67$166.67
MI / mo$0.00$82.80
HOA / mo$95.00$95.00
Total monthly$4,074.74$3,444.17
Cash to close$0$46,000