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$695,972$535,499
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$3,480$0
Note rate6.760%7.400%
Blended rate6.760%7.640%
1st payment$4,588.83$3,707.69
2nd payment$0.00$0.00
Taxes / mo$497.83$497.83
Insurance / mo$166.67$166.67
MI / mo$0.00$107.10
HOA / mo$96.67$96.67
Total monthly$5,350.00$4,575.96
Cash to close$0$59,500