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$913,484$719,100
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$4,567$0
Note rate6.950%7.400%
Blended rate6.950%7.640%
1st payment$6,142.97$4,978.90
2nd payment$0.00$0.00
Taxes / mo$665.83$665.83
Insurance / mo$216.67$216.67
MI / mo$0.00$143.82
HOA / mo$218.00$218.00
Total monthly$7,243.47$6,223.22
Cash to close$0$79,900