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$488,795$328,500
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$2,444$0
Note rate6.950%7.400%
Blended rate6.950%7.640%
1st payment$3,287.03$2,274.47
2nd payment$0.00$0.00
Taxes / mo$409.75$409.75
Insurance / mo$150.00$150.00
MI / mo$0.00$65.70
HOA / mo$12.50$12.50
Total monthly$3,859.28$2,912.42
Cash to close$0$36,500