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$652,655$517,500
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$3,263$0
Note rate6.120%7.320%
Blended rate6.120%7.560%
1st payment$4,050.61$3,554.87
2nd payment$0.00$0.00
Taxes / mo$379.50$379.50
Insurance / mo$166.67$166.67
MI / mo$0.00$103.50
HOA / mo$20.00$20.00
Total monthly$4,616.77$4,224.53
Cash to close$0$57,500