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$518,335$481,500
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$2,592$0
Note rate6.87%7.24%
Blended rate6.87%7.48%
1st payment$3,485.28$3,281.41
2nd payment$0.00$0.00
Taxes / mo$278.75$278.75
Insurance / mo$166.67$166.67
MI / mo$0.00$96.30
HOA / mo$47.00$47.00
Total monthly$3,977.69$3,870.13
Cash to close$16,665$53,500