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$688,053$639,000
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$3,440$0
Note rate6.850%7.400%
Blended rate6.850%7.640%
1st payment$4,577.31$4,424.31
2nd payment$0.00$0.00
Taxes / mo$591.67$591.67
Insurance / mo$216.67$216.67
MI / mo$0.00$127.80
HOA / mo$0.00$0.00
Total monthly$5,385.65$5,360.44
Cash to close$21,947$71,000