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$465,604$409,500
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$2,328$0
Note rate6.320%7.400%
Blended rate6.320%7.640%
1st payment$3,009.66$2,835.30
2nd payment$0.00$0.00
Taxes / mo$293.08$293.08
Insurance / mo$166.67$166.67
MI / mo$0.00$81.90
HOA / mo$69.00$69.00
Total monthly$3,538.41$3,445.95
Cash to close$0$45,500