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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$118,163$118,163$342,000
Remaining term (yrs)18.618.630.0
Secondary amount$0$223,837$0
Funding fee$0$0$0
Note rate3.67%3.67%7.18%
Blended rate4.52%6.634%7.42%
1st payment$729.45$729.45$2,316.83
2nd payment$0.00$1,445.61$0.00
Taxes / mo$91.00$91.00$91.00
Insurance / mo$150.00$150.00$150.00
MI / mo$112.67$112.67$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,083.12$2,528.74$2,626.23
Cash to close$261,837$38,000$38,000