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$503,367$393,300
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$2,517$0
Note rate6.120%7.240%
Blended rate6.120%7.480%
1st payment$3,127.53$2,680.33
2nd payment$0.00$0.00
Taxes / mo$333.42$333.42
Insurance / mo$150.00$150.00
MI / mo$0.00$78.66
HOA / mo$0.00$0.00
Total monthly$3,610.95$3,242.41
Cash to close$0$43,700