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$510,974$449,100
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$2,555$0
Note rate6.820%7.400%
Blended rate6.820%7.640%
1st payment$3,436.61$3,109.48
2nd payment$0.00$0.00
Taxes / mo$527.58$527.58
Insurance / mo$166.67$166.67
MI / mo$0.00$89.82
HOA / mo$58.00$58.00
Total monthly$4,188.86$3,951.55
Cash to close$0$49,900