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$672,021$562,500
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$3,360$0
Note rate6.540%7.400%
Blended rate6.540%7.640%
1st payment$4,442.91$3,894.64
2nd payment$0.00$0.00
Taxes / mo$50.83$50.83
Insurance / mo$166.67$166.67
MI / mo$0.00$112.50
HOA / mo$331.67$331.67
Total monthly$4,992.08$4,556.31
Cash to close$0$62,500