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$472,132$355,500
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$2,361$0
Note rate6.6%7.24%
Blended rate6.6%7.48%
1st payment$3,072.74$2,422.73
2nd payment$0.00$0.00
Taxes / mo$277.25$277.25
Insurance / mo$150.00$150.00
MI / mo$0.00$71.10
HOA / mo$0.00$0.00
Total monthly$3,499.99$2,921.08
Cash to close$0$39,500