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$730,621$576,000
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$3,653$0
Note rate6.890%7.400%
Blended rate6.890%7.640%
1st payment$4,917.38$3,988.11
2nd payment$0.00$0.00
Taxes / mo$391.54$391.54
Insurance / mo$166.67$166.67
MI / mo$0.00$115.20
HOA / mo$0.00$0.00
Total monthly$5,475.59$4,661.52
Cash to close$0$64,000