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$748,830$594,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$3,744$0
Note rate6.850%7.400%
Blended rate6.850%7.640%
1st payment$5,015.36$4,112.74
2nd payment$0.00$0.00
Taxes / mo$499.58$499.58
Insurance / mo$166.67$166.67
MI / mo$0.00$118.80
HOA / mo$68.00$68.00
Total monthly$5,749.61$4,965.79
Cash to close$0$66,000