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$684,120$558,000
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$3,421$0
Note rate7.060%7.400%
Blended rate7.060%7.640%
1st payment$4,685.36$3,863.48
2nd payment$0.00$0.00
Taxes / mo$516.67$516.67
Insurance / mo$166.67$166.67
MI / mo$0.00$111.60
HOA / mo$97.00$97.00
Total monthly$5,465.69$4,755.41
Cash to close$0$62,000