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$701,500$652,500
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$3,508$0
Note rate6.810%7.400%
Blended rate6.810%7.640%
1st payment$4,738.47$4,517.78
2nd payment$0.00$0.00
Taxes / mo$41.42$41.42
Insurance / mo$216.67$216.67
MI / mo$0.00$130.50
HOA / mo$281.00$281.00
Total monthly$5,277.56$5,187.36
Cash to close$23,500$72,500