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$671,760$427,500
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$3,359$0
Note rate5.560%7.400%
Blended rate5.560%7.640%
1st payment$4,064.45$2,959.92
2nd payment$0.00$0.00
Taxes / mo$499.33$499.33
Insurance / mo$166.67$166.67
MI / mo$0.00$85.50
HOA / mo$32.00$32.00
Total monthly$4,762.45$3,743.42
Cash to close$0$47,500