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$621,760$540,000
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$3,109$0
Note rate6.81%7.24%
Blended rate6.81%7.48%
1st payment$4,112.17$3,680.09
2nd payment$0.00$0.00
Taxes / mo$257.25$257.25
Insurance / mo$166.67$166.67
MI / mo$0.00$108.00
HOA / mo$0.00$0.00
Total monthly$4,536.09$4,212.01
Cash to close$0$60,000