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$731,031$688,500
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$3,655$0
Note rate7.060%7.400%
Blended rate7.060%7.640%
1st payment$5,006.64$4,767.03
2nd payment$0.00$0.00
Taxes / mo$299.58$299.58
Insurance / mo$216.67$216.67
MI / mo$0.00$137.70
HOA / mo$8.33$8.33
Total monthly$5,531.22$5,429.31
Cash to close$33,969$76,500