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$868,996$783,000
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$4,345$0
Note rate6.840%7.400%
Blended rate6.840%7.640%
1st payment$5,753.86$5,421.33
2nd payment$0.00$0.00
Taxes / mo$725.00$725.00
Insurance / mo$216.67$216.67
MI / mo$0.00$156.60
HOA / mo$0.00$0.00
Total monthly$6,695.53$6,519.60
Cash to close$1,004$87,000