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 · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$133,826$133,826$151,200
Remaining term (yrs)23.623.630.0
Secondary amount$0$25,774$0
Funding fee$0$0$0
Note rate3.23%3.23%7.18%
Blended rate4.08%5.339%7.42%
1st payment$673.08$673.08$1,024.28
2nd payment$0.00$255.06$0.00
Taxes / mo$45.08$45.08$45.08
Insurance / mo$150.00$150.00$150.00
MI / mo$109.83$109.83$30.24
HOA / mo$141.00$141.00$141.00
Total monthly$1,118.99$1,374.04$1,390.60
Cash to close$34,174$8,400$16,800