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$705,098$567,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$3,525$0
Note rate6.320%7.400%
Blended rate6.320%7.640%
1st payment$4,568.71$3,925.79
2nd payment$0.00$0.00
Taxes / mo$779.67$779.67
Insurance / mo$166.67$166.67
MI / mo$0.00$113.40
HOA / mo$50.00$50.00
Total monthly$5,565.05$5,035.53
Cash to close$0$63,000