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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$119,209$119,209$300,600
Remaining term (yrs)19.619.630.0
Secondary amount$0$181,391$0
Funding fee$0$0$0
Note rate3.61%3.61%7.18%
Blended rate4.46%6.596%7.42%
1st payment$706.20$706.20$2,036.37
2nd payment$0.00$1,209.28$0.00
Taxes / mo$77.08$77.08$77.08
Insurance / mo$150.00$150.00$150.00
MI / mo$109.89$109.89$60.12
HOA / mo$65.00$65.00$65.00
Total monthly$1,108.17$2,317.45$2,388.57
Cash to close$214,791$33,400$33,400