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$627,306$576,000
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$3,137$0
Note rate7.180%7.240%
Blended rate7.180%7.480%
1st payment$4,371.13$3,925.43
2nd payment$0.00$0.00
Taxes / mo$533.33$533.33
Insurance / mo$166.67$166.67
MI / mo$0.00$115.20
HOA / mo$370.00$370.00
Total monthly$5,441.13$5,110.63
Cash to close$12,694$64,000