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$741,046$643,500
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$3,705$0
Note rate6.630%7.400%
Blended rate6.630%7.640%
1st payment$4,823.00$4,455.46
2nd payment$0.00$0.00
Taxes / mo$595.83$595.83
Insurance / mo$216.67$216.67
MI / mo$0.00$128.70
HOA / mo$310.00$310.00
Total monthly$5,945.50$5,706.66
Cash to close$0$71,500