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$693,509$625,500
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$3,468$0
Note rate7.09%7.24%
Blended rate7.09%7.48%
1st payment$4,772.58$4,262.77
2nd payment$0.00$0.00
Taxes / mo$529.50$529.50
Insurance / mo$166.67$166.67
MI / mo$0.00$125.10
HOA / mo$26.67$26.67
Total monthly$5,495.41$5,110.71
Cash to close$1,491$69,500