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$1,281,853$809,100
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$6,409$0
Note rate5.130%7.400%
Blended rate5.130%7.640%
1st payment$7,436.45$5,602.04
2nd payment$0.00$0.00
Taxes / mo$827.75$827.75
Insurance / mo$216.67$216.67
MI / mo$0.00$161.82
HOA / mo$20.00$20.00
Total monthly$8,500.86$6,828.28
Cash to close$0$89,900