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$500,508$450,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$2,503$0
Note rate6.890%7.400%
Blended rate6.890%7.640%
1st payment$3,362.03$3,115.71
2nd payment$0.00$0.00
Taxes / mo$369.83$369.83
Insurance / mo$166.67$166.67
MI / mo$0.00$90.00
HOA / mo$0.00$0.00
Total monthly$3,898.53$3,742.21
Cash to close$0$50,000