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$523,744$401,850
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$2,619$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$3,406.85$2,782.33
2nd payment$0.00$0.00
Taxes / mo$137.17$137.17
Insurance / mo$150.00$150.00
MI / mo$0.00$80.37
HOA / mo$124.00$124.00
Total monthly$3,818.01$3,273.86
Cash to close$0$44,650