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$1,155,345$980,999
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$5,777$0
Note rate6.940%7.400%
Blended rate6.940%7.640%
1st payment$7,821.49$6,792.24
2nd payment$0.00$0.00
Taxes / mo$1,048.25$1,048.25
Insurance / mo$216.67$216.67
MI / mo$0.00$196.20
HOA / mo$88.00$88.00
Total monthly$9,174.41$8,341.36
Cash to close$0$109,000