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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$118,958$118,958$314,910
Remaining term (yrs)18.118.130.0
Secondary amount$0$195,952$0
Funding fee$0$0$0
Note rate4.01%4.01%7.18%
Blended rate4.86%6.814%7.42%
1st payment$769.23$769.23$2,133.31
2nd payment$0.00$1,306.35$0.00
Taxes / mo$128.08$128.08$128.08
Insurance / mo$150.00$150.00$150.00
MI / mo$113.99$113.99$62.98
HOA / mo$75.00$75.00$75.00
Total monthly$1,236.31$2,542.65$2,549.38
Cash to close$230,942$34,990$34,990