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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$114,600$114,600$427,500
Remaining term (yrs)16.616.630.0
Secondary amount$0$312,900$0
Funding fee$0$0$0
Note rate3.51%3.51%7.18%
Blended rate4.36%6.841%7.42%
1st payment$754.89$754.89$2,896.03
2nd payment$0.00$2,020.81$0.00
Taxes / mo$230.75$230.75$230.75
Insurance / mo$166.67$166.67$166.67
MI / mo$118.93$118.93$85.50
HOA / mo$95.00$95.00$95.00
Total monthly$1,366.24$3,387.05$3,473.95
Cash to close$360,400$47,500$47,500