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$927,055$742,500
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$4,635$0
Note rate6.620%7.400%
Blended rate6.620%7.640%
1st payment$6,015.82$5,140.92
2nd payment$0.00$0.00
Taxes / mo$687.50$687.50
Insurance / mo$216.67$216.67
MI / mo$0.00$148.50
HOA / mo$240.00$240.00
Total monthly$7,159.98$6,433.59
Cash to close$0$82,500