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$692,239$629,100
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$3,461$0
Note rate6.950%7.400%
Blended rate6.950%7.640%
1st payment$4,655.15$4,355.76
2nd payment$0.00$0.00
Taxes / mo$445.25$445.25
Insurance / mo$166.67$166.67
MI / mo$0.00$125.82
HOA / mo$33.50$33.50
Total monthly$5,300.57$5,127.00
Cash to close$6,761$69,900