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$510,514$414,000
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$2,553$0
Note rate7.08%7.11%
Blended rate7.08%7.35%
1st payment$3,575.90$2,785.00
2nd payment$0.00$0.00
Taxes / mo$163.50$163.50
Insurance / mo$166.67$166.67
MI / mo$0.00$82.80
HOA / mo$50.00$50.00
Total monthly$3,956.07$3,247.97
Cash to close$0$46,000