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$507,436$355,500
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$2,537$0
Note rate6.93%7.24%
Blended rate6.93%7.48%
1st payment$3,415.34$2,422.73
2nd payment$0.00$0.00
Taxes / mo$380.08$380.08
Insurance / mo$150.00$150.00
MI / mo$0.00$71.10
HOA / mo$245.00$245.00
Total monthly$4,190.43$3,268.91
Cash to close$0$39,500