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$767,007$603,000
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$3,835$0
Note rate6.670%7.400%
Blended rate6.670%7.640%
1st payment$5,016.90$4,175.05
2nd payment$0.00$0.00
Taxes / mo$175.63$175.63
Insurance / mo$166.67$166.67
MI / mo$0.00$120.60
HOA / mo$31.67$31.67
Total monthly$5,390.87$4,669.62
Cash to close$0$67,000