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$905,658$665,910
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$4,528$0
Note rate6.850%7.400%
Blended rate6.850%7.640%
1st payment$6,024.94$4,610.63
2nd payment$0.00$0.00
Taxes / mo$616.58$616.58
Insurance / mo$216.67$216.67
MI / mo$0.00$133.18
HOA / mo$150.00$150.00
Total monthly$7,008.19$5,727.06
Cash to close$0$73,990