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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$144,952$144,952$315,000
Remaining term (yrs)20.320.330.0
Secondary amount$0$170,048$0
Funding fee$0$0$0
Note rate4.15%4.15%7.18%
Blended rate5%6.62%7.42%
1st payment$878.23$878.23$2,133.92
2nd payment$0.00$1,133.65$0.00
Taxes / mo$149.50$149.50$149.50
Insurance / mo$150.00$150.00$150.00
MI / mo$127.97$127.97$63.00
HOA / mo$85.00$85.00$85.00
Total monthly$1,390.70$2,524.36$2,581.42
Cash to close$205,048$35,000$35,000