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$527,426$450,000
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$2,637$0
Note rate6.5%7.24%
Blended rate6.5%7.48%
1st payment$3,364.86$3,066.74
2nd payment$0.00$0.00
Taxes / mo$270.50$270.50
Insurance / mo$166.67$166.67
MI / mo$0.00$90.00
HOA / mo$0.00$0.00
Total monthly$3,802.03$3,593.91
Cash to close$0$50,000