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$597,210$562,410
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$2,986$0
Note rate6.920%7.400%
Blended rate6.920%7.640%
1st payment$4,027.27$3,894.01
2nd payment$0.00$0.00
Taxes / mo$497.58$497.58
Insurance / mo$166.67$166.67
MI / mo$0.00$112.48
HOA / mo$60.00$60.00
Total monthly$4,751.52$4,730.75
Cash to close$27,690$62,490