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$537,059$508,500
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$2,685$0
Note rate11.000%7.400%
Blended rate11.000%7.640%
1st payment$5,241.34$3,520.75
2nd payment$0.00$0.00
Taxes / mo$181.50$181.50
Insurance / mo$166.67$166.67
MI / mo$0.00$101.70
HOA / mo$65.00$65.00
Total monthly$5,654.51$4,035.62
Cash to close$27,941$56,500