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$501,014$449,100
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$2,505$0
Note rate6.810%7.400%
Blended rate6.810%7.640%
1st payment$3,316.70$3,109.48
2nd payment$0.00$0.00
Taxes / mo$380.50$380.50
Insurance / mo$166.67$166.67
MI / mo$0.00$89.82
HOA / mo$75.00$75.00
Total monthly$3,938.87$3,821.46
Cash to close$0$49,900