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$1,287,957$990,000
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$6,440$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$8,216.88$6,854.56
2nd payment$0.00$0.00
Taxes / mo$855.58$855.58
Insurance / mo$216.67$216.67
MI / mo$0.00$198.00
HOA / mo$0.00$0.00
Total monthly$9,289.13$8,124.81
Cash to close$0$110,000