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$740,692$585,000
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$3,703$0
Note rate6.22%7.18%
Blended rate6.22%7.42%
1st payment$4,590.97$3,962.99
2nd payment$0.00$0.00
Taxes / mo$155.50$155.50
Insurance / mo$166.67$166.67
MI / mo$0.00$117.00
HOA / mo$0.00$0.00
Total monthly$4,913.14$4,402.16
Cash to close$0$65,000