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$650,511$629,100
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$3,253$0
Note rate7.100%7.320%
Blended rate7.100%7.560%
1st payment$4,476.63$4,321.48
2nd payment$0.00$0.00
Taxes / mo$1,014.00$1,014.00
Insurance / mo$166.67$166.67
MI / mo$0.00$125.82
HOA / mo$178.33$178.33
Total monthly$5,835.63$5,806.30
Cash to close$48,489$69,900