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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$43,950$43,950$130,410
Remaining term (yrs)19.719.730.0
Secondary amount$0$86,460$0
Funding fee$0$0$0
Note rate3.57%3.57%7.18%
Blended rate4.42%7.456%7.42%
1st payment$257.96$257.96$883.44
2nd payment$0.00$648.45$0.00
Taxes / mo$30.33$30.33$30.33
Insurance / mo$150.00$150.00$150.00
MI / mo$40.34$40.34$26.08
HOA / mo$0.00$0.00$0.00
Total monthly$478.63$1,127.08$1,089.86
Cash to close$100,950$14,490$14,490