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$711,400$679,500
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$3,557$0
Note rate7.090%7.400%
Blended rate7.090%7.640%
1st payment$4,886.26$4,704.72
2nd payment$0.00$0.00
Taxes / mo$629.17$629.17
Insurance / mo$216.67$216.67
MI / mo$0.00$135.90
HOA / mo$286.00$286.00
Total monthly$6,018.10$5,972.45
Cash to close$43,600$75,500