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$641,311$598,500
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$3,207$0
Note rate6.920%7.400%
Blended rate6.920%7.640%
1st payment$4,328.90$4,143.89
2nd payment$0.00$0.00
Taxes / mo$155.08$155.08
Insurance / mo$166.67$166.67
MI / mo$0.00$119.70
HOA / mo$10.42$10.42
Total monthly$4,661.07$4,595.76
Cash to close$23,689$66,500