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$880,103$746,100
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$4,401$0
Note rate6.900%7.400%
Blended rate6.900%7.640%
1st payment$5,952.92$5,165.85
2nd payment$0.00$0.00
Taxes / mo$690.83$690.83
Insurance / mo$216.67$216.67
MI / mo$0.00$149.22
HOA / mo$127.00$127.00
Total monthly$6,987.42$6,349.57
Cash to close$0$82,900