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$455,719$427,500
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$2,279$0
Note rate7.230%7.400%
Blended rate7.230%7.640%
1st payment$3,199.96$2,959.92
2nd payment$0.00$0.00
Taxes / mo$395.83$395.83
Insurance / mo$166.67$166.67
MI / mo$0.00$85.50
HOA / mo$350.00$350.00
Total monthly$4,112.46$3,957.92
Cash to close$19,281$47,500