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$794,195$630,000
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$3,971$0
Note rate6.760%7.320%
Blended rate6.760%7.560%
1st payment$5,226.50$4,327.66
2nd payment$0.00$0.00
Taxes / mo$141.08$141.08
Insurance / mo$166.67$166.67
MI / mo$0.00$126.00
HOA / mo$75.00$75.00
Total monthly$5,609.25$4,836.41
Cash to close$0$70,000