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$864,808$521,100
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$4,324$0
Note rate6.850%7.400%
Blended rate6.850%7.640%
1st payment$5,753.19$3,607.99
2nd payment$0.00$0.00
Taxes / mo$168.50$168.50
Insurance / mo$166.67$166.67
MI / mo$0.00$104.22
HOA / mo$250.33$250.33
Total monthly$6,338.69$4,297.71
Cash to close$0$57,900