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$632,090$562,500
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$3,160$0
Note rate6.090%7.400%
Blended rate6.090%7.640%
1st payment$4,009.49$3,894.64
2nd payment$0.00$0.00
Taxes / mo$454.83$454.83
Insurance / mo$166.67$166.67
MI / mo$0.00$112.50
HOA / mo$7.92$7.92
Total monthly$4,638.91$4,636.56
Cash to close$0$62,500