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$670,217$495,000
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$3,351$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$4,263.65$3,427.28
2nd payment$0.00$0.00
Taxes / mo$386.42$386.42
Insurance / mo$166.67$166.67
MI / mo$0.00$99.00
HOA / mo$69.00$69.00
Total monthly$4,885.74$4,148.36
Cash to close$0$55,000