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$549,991$445,500
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$2,750$0
Note rate6.5%7.24%
Blended rate6.5%7.48%
1st payment$3,519.05$3,036.07
2nd payment$0.00$0.00
Taxes / mo$391.83$391.83
Insurance / mo$166.67$166.67
MI / mo$0.00$89.10
HOA / mo$50.00$50.00
Total monthly$4,127.55$3,733.67
Cash to close$0$49,500