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$694,181$625,500
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$3,471$0
Note rate7.090%7.400%
Blended rate7.090%7.640%
1st payment$4,772.58$4,330.84
2nd payment$0.00$0.00
Taxes / mo$529.50$529.50
Insurance / mo$166.67$166.67
MI / mo$0.00$125.10
HOA / mo$26.67$26.67
Total monthly$5,495.41$5,178.77
Cash to close$819$69,500