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$1,194,381$990,000
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$5,972$0
Note rate6.810%7.400%
Blended rate6.810%7.640%
1st payment$7,884.68$6,854.56
2nd payment$0.00$0.00
Taxes / mo$486.83$486.83
Insurance / mo$216.67$216.67
MI / mo$0.00$198.00
HOA / mo$0.00$0.00
Total monthly$8,588.18$7,756.06
Cash to close$0$110,000