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$866,716$585,000
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$4,334$0
Note rate4.750%7.400%
Blended rate4.750%7.640%
1st payment$4,858.44$4,050.42
2nd payment$0.00$0.00
Taxes / mo$186.00$186.00
Insurance / mo$166.67$166.67
MI / mo$0.00$117.00
HOA / mo$0.00$0.00
Total monthly$5,211.10$4,520.09
Cash to close$0$65,000