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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$110,357$110,357$328,500
Remaining term (yrs)18.418.430.0
Secondary amount$0$218,143$0
Funding fee$0$0$0
Note rate3.71%3.71%7.18%
Blended rate4.56%6.678%7.42%
1st payment$687.80$687.80$2,225.37
2nd payment$0.00$1,408.84$0.00
Taxes / mo$120.42$120.42$120.42
Insurance / mo$150.00$150.00$150.00
MI / mo$105.72$105.72$65.70
HOA / mo$127.00$127.00$127.00
Total monthly$1,190.93$2,599.77$2,688.49
Cash to close$254,643$36,500$36,500