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$774,954$607,500
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$3,875$0
Note rate6.630%7.400%
Blended rate6.630%7.640%
1st payment$5,019.41$4,206.21
2nd payment$0.00$0.00
Taxes / mo$562.50$562.50
Insurance / mo$166.67$166.67
MI / mo$0.00$121.50
HOA / mo$155.00$155.00
Total monthly$5,903.58$5,211.87
Cash to close$0$67,500