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$462,541$409,500
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$2,313$0
Note rate6.540%7.400%
Blended rate6.540%7.640%
1st payment$2,995.36$2,835.30
2nd payment$0.00$0.00
Taxes / mo$552.50$552.50
Insurance / mo$166.67$166.67
MI / mo$0.00$81.90
HOA / mo$0.00$0.00
Total monthly$3,714.53$3,636.36
Cash to close$0$45,500