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$460,023$423,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$2,300$0
Note rate6.79%7.24%
Blended rate6.79%7.48%
1st payment$3,059.96$2,882.74
2nd payment$0.00$0.00
Taxes / mo$125.92$125.92
Insurance / mo$166.67$166.67
MI / mo$0.00$84.60
HOA / mo$28.33$28.33
Total monthly$3,380.87$3,288.25
Cash to close$9,977$47,000