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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$83,101$83,101$372,600
Remaining term (yrs)16.216.230.0
Secondary amount$0$289,499$0
Funding fee$0$0$0
Note rate3.35%3.35%7.18%
Blended rate4.2%6.958%7.42%
1st payment$551.09$551.09$2,524.12
2nd payment$0.00$1,869.68$0.00
Taxes / mo$94.83$94.83$94.83
Insurance / mo$150.00$150.00$150.00
MI / mo$88.57$88.57$74.52
HOA / mo$21.67$21.67$21.67
Total monthly$906.16$2,775.84$2,865.15
Cash to close$330,899$41,400$41,400