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$664,339$495,000
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$3,322$0
Note rate6.540%7.320%
Blended rate6.540%7.560%
1st payment$4,387.05$3,400.31
2nd payment$0.00$0.00
Taxes / mo$298.75$298.75
Insurance / mo$166.67$166.67
MI / mo$0.00$99.00
HOA / mo$0.00$0.00
Total monthly$4,852.47$3,964.72
Cash to close$0$55,000