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$931,115$720,000
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$4,656$0
Note rate6.81%7.24%
Blended rate6.81%7.48%
1st payment$6,199.62$4,906.79
2nd payment$0.00$0.00
Taxes / mo$493.17$493.17
Insurance / mo$216.67$216.67
MI / mo$0.00$144.00
HOA / mo$57.00$57.00
Total monthly$6,966.45$5,817.62
Cash to close$0$80,000