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$797,409$720,000
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$3,987$0
Note rate6.890%7.400%
Blended rate6.890%7.640%
1st payment$5,306.22$4,985.13
2nd payment$0.00$0.00
Taxes / mo$666.67$666.67
Insurance / mo$216.67$216.67
MI / mo$0.00$144.00
HOA / mo$0.00$0.00
Total monthly$6,189.55$6,012.47
Cash to close$2,591$80,000