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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$130,449$130,449$220,491
Remaining term (yrs)23.023.030.0
Secondary amount$0$90,042$0
Funding fee$0$0$0
Note rate3.61%3.61%7.18%
Blended rate4.46%6.314%7.42%
1st payment$694.76$694.76$1,493.68
2nd payment$0.00$675.32$0.00
Taxes / mo$114.89$114.89$114.89
Insurance / mo$150.00$150.00$150.00
MI / mo$108.11$108.11$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,067.76$1,743.08$1,802.67
Cash to close$114,541$24,499$24,499