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$862,326$778,950
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$4,312$0
Note rate6.960%7.400%
Blended rate6.960%7.640%
1st payment$5,854.88$5,393.29
2nd payment$0.00$0.00
Taxes / mo$721.25$721.25
Insurance / mo$216.67$216.67
MI / mo$0.00$155.79
HOA / mo$50.00$50.00
Total monthly$6,842.79$6,537.00
Cash to close$3,174$86,550