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$712,630$661,500
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$3,563$0
Note rate6.850%7.400%
Blended rate6.850%7.640%
1st payment$4,772.91$4,580.09
2nd payment$0.00$0.00
Taxes / mo$612.50$612.50
Insurance / mo$216.67$216.67
MI / mo$0.00$132.30
HOA / mo$68.75$68.75
Total monthly$5,670.82$5,610.31
Cash to close$22,370$73,500