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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$132,417$132,417$359,100
Remaining term (yrs)14.914.930.0
Secondary amount$0$226,683$0
Funding fee$0$0$0
Note rate2.15%2.15%7.18%
Blended rate3%5.998%7.42%
1st payment$861.29$861.29$2,432.67
2nd payment$0.00$1,464.00$0.00
Taxes / mo$257.17$257.17$257.17
Insurance / mo$150.00$150.00$150.00
MI / mo$118.92$118.92$71.82
HOA / mo$50.00$50.00$50.00
Total monthly$1,437.38$2,901.37$2,961.66
Cash to close$266,583$39,900$39,900