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$1,097,892$989,100
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$5,489$0
Note rate6.990%7.400%
Blended rate6.990%7.640%
1st payment$7,461.33$6,848.33
2nd payment$0.00$0.00
Taxes / mo$915.83$915.83
Insurance / mo$216.67$216.67
MI / mo$0.00$197.82
HOA / mo$0.00$0.00
Total monthly$8,593.83$8,178.65
Cash to close$1,108$109,900