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$692,588$598,500
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$3,463$0
Note rate6.290%7.400%
Blended rate6.290%7.640%
1st payment$4,513.68$4,143.89
2nd payment$0.00$0.00
Taxes / mo$554.17$554.17
Insurance / mo$166.67$166.67
MI / mo$0.00$119.70
HOA / mo$347.00$347.00
Total monthly$5,581.52$5,331.43
Cash to close$0$66,500