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$340,810$202,500
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$1,704$0
Note rate6.540%7.400%
Blended rate6.540%7.640%
1st payment$2,253.19$1,402.07
2nd payment$0.00$0.00
Taxes / mo$99.67$99.67
Insurance / mo$150.00$150.00
MI / mo$0.00$40.50
HOA / mo$260.00$260.00
Total monthly$2,762.85$1,952.24
Cash to close$0$22,500