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$672,701$571,500
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$3,364$0
Note rate6.650%7.320%
Blended rate6.650%7.560%
1st payment$4,382.69$3,925.81
2nd payment$0.00$0.00
Taxes / mo$358.58$358.58
Insurance / mo$166.67$166.67
MI / mo$0.00$114.30
HOA / mo$52.00$52.00
Total monthly$4,959.94$4,617.36
Cash to close$0$63,500