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$675,375$539,910
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$3,377$0
Note rate7.200%7.320%
Blended rate7.200%7.560%
1st payment$4,724.29$3,708.81
2nd payment$0.00$0.00
Taxes / mo$559.92$559.92
Insurance / mo$166.67$166.67
MI / mo$0.00$107.98
HOA / mo$59.00$59.00
Total monthly$5,509.87$4,602.37
Cash to close$0$59,990