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$711,160$629,999
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$3,556$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$4,586.98$4,361.99
2nd payment$0.00$0.00
Taxes / mo$583.33$583.33
Insurance / mo$166.67$166.67
MI / mo$0.00$126.00
HOA / mo$0.00$0.00
Total monthly$5,336.98$5,237.99
Cash to close$0$70,000