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$694,582$576,000
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$3,473$0
Note rate7.220%7.400%
Blended rate7.220%7.640%
1st payment$4,835.03$3,988.11
2nd payment$0.00$0.00
Taxes / mo$151.08$151.08
Insurance / mo$166.67$166.67
MI / mo$0.00$115.20
HOA / mo$40.00$40.00
Total monthly$5,192.78$4,461.06
Cash to close$0$64,000