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$470,464$404,100
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$2,352$0
Note rate6.890%7.400%
Blended rate6.890%7.640%
1st payment$3,136.36$2,797.91
2nd payment$0.00$0.00
Taxes / mo$533.78$533.78
Insurance / mo$150.00$150.00
MI / mo$0.00$80.82
HOA / mo$370.00$370.00
Total monthly$4,190.14$3,932.51
Cash to close$0$44,900