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$677,920$594,000
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$3,390$0
Note rate6.850%7.320%
Blended rate6.850%7.560%
1st payment$4,497.31$4,080.37
2nd payment$0.00$0.00
Taxes / mo$21.08$21.08
Insurance / mo$166.67$166.67
MI / mo$0.00$118.80
HOA / mo$110.00$110.00
Total monthly$4,795.06$4,496.92
Cash to close$0$66,000