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$594,714$562,500
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$2,974$0
Note rate7.190%7.320%
Blended rate7.190%7.560%
1st payment$4,156.14$3,863.98
2nd payment$0.00$0.00
Taxes / mo$520.83$520.83
Insurance / mo$166.67$166.67
MI / mo$0.00$112.50
HOA / mo$350.00$350.00
Total monthly$5,193.64$5,013.98
Cash to close$30,286$62,500