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$868,818$630,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$4,344$0
Note rate6.350%7.400%
Blended rate6.350%7.640%
1st payment$5,537.62$4,361.99
2nd payment$0.00$0.00
Taxes / mo$274.75$274.75
Insurance / mo$166.67$166.67
MI / mo$0.00$126.00
HOA / mo$68.00$68.00
Total monthly$6,047.03$4,997.41
Cash to close$0$70,000