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$503,774$441,000
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$2,519$0
Note rate7.060%7.400%
Blended rate7.060%7.640%
1st payment$3,450.21$3,053.39
2nd payment$0.00$0.00
Taxes / mo$349.92$349.92
Insurance / mo$166.67$166.67
MI / mo$0.00$88.20
HOA / mo$69.00$69.00
Total monthly$4,035.79$3,727.18
Cash to close$0$49,000