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$321,047$216,000
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$1,605$0
Note rate6.340%7.400%
Blended rate6.340%7.640%
1st payment$2,016.81$1,495.54
2nd payment$0.00$0.00
Taxes / mo$200.00$200.00
Insurance / mo$150.00$150.00
MI / mo$0.00$43.20
HOA / mo$200.00$200.00
Total monthly$2,566.81$2,088.74
Cash to close$0$24,000