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$969,166$558,000
Remaining term (yrs)24.530.0
Secondary amount$0$0
Funding fee$4,846$0
Note rate3.000%7.400%
Blended rate3.000%7.640%
1st payment$4,637.64$3,863.48
2nd payment$0.00$0.00
Taxes / mo$516.67$516.67
Insurance / mo$166.67$166.67
MI / mo$0.00$111.60
HOA / mo$0.00$0.00
Total monthly$5,320.98$4,658.41
Cash to close$0$62,000