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$794,915$517,500
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$3,975$0
Note rate6.350%7.320%
Blended rate6.350%7.560%
1st payment$4,993.85$3,554.87
2nd payment$0.00$0.00
Taxes / mo$1,140.75$1,140.75
Insurance / mo$166.67$166.67
MI / mo$0.00$103.50
HOA / mo$7.08$7.08
Total monthly$6,308.34$4,972.86
Cash to close$0$57,500