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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$201,024$201,024$386,100
Remaining term (yrs)19.919.930.0
Secondary amount$0$185,076$0
Funding fee$0$0$0
Note rate3.44%3.44%7.18%
Blended rate4.29%6.068%7.42%
1st payment$1,159.67$1,159.67$2,615.58
2nd payment$0.00$1,233.84$0.00
Taxes / mo$185.50$185.50$185.50
Insurance / mo$150.00$150.00$150.00
MI / mo$184.30$184.30$77.22
HOA / mo$82.00$82.00$82.00
Total monthly$1,761.47$2,995.31$3,110.30
Cash to close$227,976$42,900$42,900