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$656,535$598,500
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$3,283$0
Note rate6.810%7.400%
Blended rate6.810%7.640%
1st payment$4,346.25$4,143.89
2nd payment$0.00$0.00
Taxes / mo$625.00$625.00
Insurance / mo$166.67$166.67
MI / mo$0.00$119.70
HOA / mo$81.00$81.00
Total monthly$5,218.92$5,136.26
Cash to close$8,465$66,500