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$1,065,077$846,000
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$5,325$0
Note rate6.5%7.18%
Blended rate6.5%7.42%
1st payment$6,794.96$5,731.10
2nd payment$0.00$0.00
Taxes / mo$212.42$212.42
Insurance / mo$216.67$216.67
MI / mo$0.00$169.20
HOA / mo$0.00$0.00
Total monthly$7,224.04$6,329.38
Cash to close$0$94,000