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$456,958$422,550
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$2,285$0
Note rate6.850%7.400%
Blended rate6.850%7.640%
1st payment$3,057.51$2,925.65
2nd payment$0.00$0.00
Taxes / mo$407.92$407.92
Insurance / mo$166.67$166.67
MI / mo$0.00$84.51
HOA / mo$65.00$65.00
Total monthly$3,697.09$3,649.74
Cash to close$12,542$46,950