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$640,681$598,500
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$3,203$0
Note rate6.92%7.24%
Blended rate6.92%7.48%
1st payment$4,328.90$4,078.77
2nd payment$0.00$0.00
Taxes / mo$155.08$155.08
Insurance / mo$166.67$166.67
MI / mo$0.00$119.70
HOA / mo$10.42$10.42
Total monthly$4,661.07$4,530.64
Cash to close$24,319$66,500