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$691,992$629,100
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$3,460$0
Note rate6.950%7.320%
Blended rate6.950%7.560%
1st payment$4,712.69$4,321.48
2nd payment$0.00$0.00
Taxes / mo$51.17$51.17
Insurance / mo$166.67$166.67
MI / mo$0.00$125.82
HOA / mo$261.00$261.00
Total monthly$5,191.52$4,926.13
Cash to close$7,008$69,900