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$635,837$585,000
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$3,179$0
Note rate6.670%7.320%
Blended rate6.670%7.560%
1st payment$4,138.93$4,018.54
2nd payment$0.00$0.00
Taxes / mo$363.33$363.33
Insurance / mo$166.67$166.67
MI / mo$0.00$117.00
HOA / mo$86.33$86.33
Total monthly$4,755.26$4,751.87
Cash to close$14,163$65,000