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$687,899$608,400
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$3,439$0
Note rate6.500%7.320%
Blended rate6.500%7.560%
1st payment$4,392.87$4,179.29
2nd payment$0.00$0.00
Taxes / mo$563.33$563.33
Insurance / mo$166.67$166.67
MI / mo$0.00$121.68
HOA / mo$80.00$80.00
Total monthly$5,202.87$5,110.97
Cash to close$0$67,600