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$958,654$846,000
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$4,793$0
Note rate6.890%7.400%
Blended rate6.890%7.640%
1st payment$6,414.83$5,857.53
2nd payment$0.00$0.00
Taxes / mo$303.11$303.11
Insurance / mo$216.67$216.67
MI / mo$0.00$169.20
HOA / mo$192.00$192.00
Total monthly$7,126.61$6,738.51
Cash to close$0$94,000