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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$126,448$126,448$436,499
Remaining term (yrs)16.016.030.0
Secondary amount$0$310,052$0
Funding fee$0$0$0
Note rate3.5%3.5%7.18%
Blended rate4.35%6.765%7.42%
1st payment$857.71$857.71$2,957.00
2nd payment$0.00$2,002.42$0.00
Taxes / mo$194.75$194.75$194.75
Insurance / mo$166.67$166.67$166.67
MI / mo$135.30$135.30$87.30
HOA / mo$133.00$133.00$133.00
Total monthly$1,487.43$3,489.84$3,538.71
Cash to close$358,551$48,500$48,500