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$550,958$402,750
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$2,755$0
Note rate6.810%7.400%
Blended rate6.810%7.640%
1st payment$3,643.91$2,788.56
2nd payment$0.00$0.00
Taxes / mo$120.92$120.92
Insurance / mo$150.00$150.00
MI / mo$0.00$80.55
HOA / mo$0.00$0.00
Total monthly$3,914.82$3,140.03
Cash to close$0$44,750