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$450,984$409,410
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$2,255$0
Note rate6.860%7.400%
Blended rate6.860%7.640%
1st payment$3,026.45$2,834.67
2nd payment$0.00$0.00
Taxes / mo$239.58$239.58
Insurance / mo$166.67$166.67
MI / mo$0.00$81.88
HOA / mo$9.17$9.17
Total monthly$3,441.87$3,331.97
Cash to close$3,916$45,490