Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$124,921$124,921$315,000
Remaining term (yrs)15.015.030.0
Secondary amount$0$190,079$0
Funding fee$625$625$0
Note rate3.940%3.940%7.400%
Blended rate3.940%6.390%7.640%
1st payment$912.85$912.85$2,181.00
2nd payment$0.00$1,267.20$0.00
Taxes / mo$183.83$183.83$183.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,246.69$2,513.88$2,577.83
Cash to close$225,079$35,000$35,000