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$483,746$387,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$2,419$0
Note rate6.460%7.400%
Blended rate6.460%7.640%
1st payment$3,114.16$2,679.51
2nd payment$0.00$0.00
Taxes / mo$173.00$173.00
Insurance / mo$150.00$150.00
MI / mo$0.00$77.40
HOA / mo$163.00$163.00
Total monthly$3,600.16$3,242.91
Cash to close$0$43,000