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$139,007$139,007$191,250
Remaining term (yrs)24.324.330.0
Secondary amount$0$52,243$0
Funding fee$0$0$0
Note rate3.09%3.09%7.18%
Blended rate3.94%5.322%7.42%
1st payment$676.28$676.28$1,295.59
2nd payment$0.00$391.82$0.00
Taxes / mo$36.50$36.50$36.50
Insurance / mo$150.00$150.00$150.00
MI / mo$112.32$112.32$38.25
HOA / mo$330.00$330.00$330.00
Total monthly$1,305.10$1,696.92$1,850.34
Cash to close$73,493$21,250$21,250