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$1,193,275$945,000
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$5,966$0
Note rate6.81%7.24%
Blended rate6.81%7.48%
1st payment$7,884.68$6,440.16
2nd payment$0.00$0.00
Taxes / mo$486.83$486.83
Insurance / mo$216.67$216.67
MI / mo$0.00$189.00
HOA / mo$0.00$0.00
Total monthly$8,588.18$7,332.66
Cash to close$0$105,000