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$509,501$440,999
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$2,548$0
Note rate6.740%7.400%
Blended rate6.740%7.640%
1st payment$3,336.86$3,053.39
2nd payment$0.00$0.00
Taxes / mo$238.33$238.33
Insurance / mo$166.67$166.67
MI / mo$0.00$88.20
HOA / mo$60.00$60.00
Total monthly$3,801.86$3,606.59
Cash to close$0$49,000