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$597,990$558,000
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$2,990$0
Note rate6.96%7.24%
Blended rate6.96%7.48%
1st payment$4,101.80$3,802.76
2nd payment$0.00$0.00
Taxes / mo$248.08$248.08
Insurance / mo$166.67$166.67
MI / mo$0.00$111.60
HOA / mo$0.00$0.00
Total monthly$4,516.55$4,329.11
Cash to close$22,010$62,000