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$638,954$540,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$3,195$0
Note rate6.850%7.400%
Blended rate6.850%7.640%
1st payment$4,279.45$3,738.85
2nd payment$0.00$0.00
Taxes / mo$175.08$175.08
Insurance / mo$166.67$166.67
MI / mo$0.00$108.00
HOA / mo$3.33$3.33
Total monthly$4,624.53$4,191.93
Cash to close$0$60,000