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$527,642$409,500
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$2,638$0
Note rate6.6%7.24%
Blended rate6.6%7.48%
1st payment$3,512.62$2,790.73
2nd payment$0.00$0.00
Taxes / mo$524.33$524.33
Insurance / mo$166.67$166.67
MI / mo$0.00$81.90
HOA / mo$50.00$50.00
Total monthly$4,253.62$3,613.63
Cash to close$0$45,500