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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$113,126$113,126$170,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$57,784$0
Funding fee$0$0$0
Note rate2.9%2.9%7.18%
Blended rate3.75%5.525%7.42%
1st payment$529.39$529.39$1,157.80
2nd payment$0.00$433.38$0.00
Taxes / mo$40.92$40.92$40.92
Insurance / mo$150.00$150.00$150.00
MI / mo$90.09$90.09$34.18
HOA / mo$190.00$190.00$190.00
Total monthly$1,000.40$1,433.78$1,572.90
Cash to close$76,774$18,990$18,990