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$655,821$580,500
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$3,279$0
Note rate7.180%7.400%
Blended rate7.180%7.640%
1st payment$4,578.88$4,019.26
2nd payment$0.00$0.00
Taxes / mo$537.50$537.50
Insurance / mo$166.67$166.67
MI / mo$0.00$116.10
HOA / mo$270.00$270.00
Total monthly$5,553.04$5,109.53
Cash to close$0$64,500