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$498,085$449,999
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$2,490$0
Note rate6.650%7.400%
Blended rate6.650%7.640%
1st payment$3,241.92$3,115.70
2nd payment$0.00$0.00
Taxes / mo$127.25$127.25
Insurance / mo$166.67$166.67
MI / mo$0.00$90.00
HOA / mo$75.00$75.00
Total monthly$3,610.84$3,574.62
Cash to close$1,914$50,000