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$582,881$477,000
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$2,914$0
Note rate6.81%7.24%
Blended rate6.81%7.48%
1st payment$3,976.76$3,250.75
2nd payment$0.00$0.00
Taxes / mo$535.50$535.50
Insurance / mo$166.67$166.67
MI / mo$0.00$95.40
HOA / mo$70.00$70.00
Total monthly$4,748.93$4,118.31
Cash to close$0$53,000