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$578,108$540,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$2,891$0
Note rate6.770%7.240%
Blended rate6.770%7.480%
1st payment$3,857.32$3,680.09
2nd payment$0.00$0.00
Taxes / mo$500.00$500.00
Insurance / mo$166.67$166.67
MI / mo$0.00$108.00
HOA / mo$0.00$0.00
Total monthly$4,523.99$4,454.76
Cash to close$21,892$60,000