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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$172,059$172,059$247,410
Remaining term (yrs)23.723.730.0
Secondary amount$0$75,351$0
Funding fee$0$0$0
Note rate3.13%3.13%7.18%
Blended rate3.98%5.509%7.42%
1st payment$854.39$854.39$1,676.04
2nd payment$0.00$565.13$0.00
Taxes / mo$92.92$92.92$92.92
Insurance / mo$150.00$150.00$150.00
MI / mo$141.19$141.19$49.48
HOA / mo$63.00$63.00$63.00
Total monthly$1,301.50$1,866.63$2,031.44
Cash to close$102,841$27,490$27,490