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$592,070$517,500
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$2,960$0
Note rate6.950%7.400%
Blended rate6.950%7.640%
1st payment$4,008.17$3,583.07
2nd payment$0.00$0.00
Taxes / mo$198.83$198.83
Insurance / mo$166.67$166.67
MI / mo$0.00$103.50
HOA / mo$33.33$33.33
Total monthly$4,407.00$4,085.40
Cash to close$0$57,500