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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$124,963$124,963$369,900
Remaining term (yrs)18.318.330.0
Secondary amount$0$244,937$0
Funding fee$0$0$0
Note rate3.67%3.67%7.18%
Blended rate4.52%6.659%7.42%
1st payment$778.73$778.73$2,505.83
2nd payment$0.00$1,581.89$0.00
Taxes / mo$129.83$129.83$129.83
Insurance / mo$150.00$150.00$150.00
MI / mo$120.28$120.28$73.98
HOA / mo$60.00$60.00$60.00
Total monthly$1,238.84$2,820.73$2,919.64
Cash to close$286,037$41,100$41,100