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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$105,233$105,233$422,100
Remaining term (yrs)14.314.330.0
Secondary amount$0$316,867$0
Funding fee$0$0$0
Note rate2.65%2.65%7.18%
Blended rate3.5%6.69%7.42%
1st payment$732.52$732.52$2,859.45
2nd payment$0.00$2,046.43$0.00
Taxes / mo$108.58$108.58$108.58
Insurance / mo$166.67$166.67$166.67
MI / mo$96.58$96.58$84.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,104.35$3,150.79$3,219.12
Cash to close$363,767$46,900$46,900