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$789,424$724,500
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$3,947$0
Note rate6.840%7.400%
Blended rate6.840%7.640%
1st payment$5,236.67$5,016.29
2nd payment$0.00$0.00
Taxes / mo$110.92$110.92
Insurance / mo$216.67$216.67
MI / mo$0.00$144.90
HOA / mo$122.00$122.00
Total monthly$5,686.25$5,610.77
Cash to close$15,576$80,500