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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$145,946$145,946$283,050
Remaining term (yrs)21.021.030.0
Secondary amount$0$137,104$0
Funding fee$0$0$0
Note rate3.9%3.9%7.18%
Blended rate4.75%6.324%7.42%
1st payment$847.05$847.05$1,917.48
2nd payment$0.00$914.03$0.00
Taxes / mo$171.08$171.08$171.08
Insurance / mo$150.00$150.00$150.00
MI / mo$127.21$127.21$56.61
HOA / mo$98.00$98.00$98.00
Total monthly$1,393.34$2,307.37$2,393.17
Cash to close$168,554$31,450$31,450