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$659,484$585,000
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$3,297$0
Note rate6.760%7.400%
Blended rate6.760%7.640%
1st payment$4,344.10$4,050.42
2nd payment$0.00$0.00
Taxes / mo$541.67$541.67
Insurance / mo$166.67$166.67
MI / mo$0.00$117.00
HOA / mo$0.00$0.00
Total monthly$5,052.43$4,875.76
Cash to close$0$65,000