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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$101,418$101,418$157,500
Remaining term (yrs)23.123.130.0
Secondary amount$0$56,082$0
Funding fee$0$0$0
Note rate3.69%3.69%7.18%
Blended rate4.54%6.128%7.42%
1st payment$541.99$541.99$1,066.96
2nd payment$0.00$420.61$0.00
Taxes / mo$23.42$23.42$23.42
Insurance / mo$150.00$150.00$150.00
MI / mo$83.51$83.51$31.50
HOA / mo$217.00$217.00$217.00
Total monthly$1,015.91$1,436.53$1,488.88
Cash to close$73,582$17,500$17,500