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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$115,843$115,843$337,410
Remaining term (yrs)16.616.630.0
Secondary amount$0$221,567$0
Funding fee$0$0$0
Note rate3.45%3.45%7.18%
Blended rate4.3%6.566%7.42%
1st payment$762.42$762.42$2,285.73
2nd payment$0.00$1,430.95$0.00
Taxes / mo$196.25$196.25$196.25
Insurance / mo$150.00$150.00$150.00
MI / mo$121.02$121.02$67.48
HOA / mo$135.00$135.00$135.00
Total monthly$1,364.69$2,795.64$2,834.46
Cash to close$259,057$37,490$37,490