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$470,034$431,910
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$2,350$0
Note rate6.5%7.18%
Blended rate6.5%7.42%
1st payment$3,038.01$2,925.91
2nd payment$0.00$0.00
Taxes / mo$153.00$153.00
Insurance / mo$166.67$166.67
MI / mo$0.00$86.38
HOA / mo$0.00$0.00
Total monthly$3,357.68$3,331.96
Cash to close$9,866$47,990