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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$89,536$89,536$305,100
Remaining term (yrs)17.717.730.0
Secondary amount$0$215,564$0
Funding fee$0$0$0
Note rate4.25%4.25%7.18%
Blended rate5.1%6.972%7.42%
1st payment$597.49$597.49$2,066.85
2nd payment$0.00$1,392.19$0.00
Taxes / mo$73.17$73.17$73.17
Insurance / mo$150.00$150.00$150.00
MI / mo$81.49$81.49$61.02
HOA / mo$0.00$0.00$0.00
Total monthly$902.15$2,294.33$2,351.04
Cash to close$249,464$33,900$33,900