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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$112,448$112,448$170,820
Remaining term (yrs)23.523.530.0
Secondary amount$0$58,372$0
Funding fee$0$0$0
Note rate3.45%3.45%7.18%
Blended rate4.3%5.906%7.42%
1st payment$581.21$581.21$1,157.19
2nd payment$0.00$437.79$0.00
Taxes / mo$26.58$26.58$26.58
Insurance / mo$150.00$150.00$150.00
MI / mo$92.25$92.25$34.16
HOA / mo$265.00$265.00$265.00
Total monthly$1,115.05$1,552.83$1,632.94
Cash to close$77,352$18,980$18,980