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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$126,611$126,611$445,500
Remaining term (yrs)15.815.830.0
Secondary amount$0$318,889$0
Funding fee$0$0$0
Note rate3.53%3.53%7.18%
Blended rate4.38%6.792%7.42%
1st payment$867.41$867.41$3,017.97
2nd payment$0.00$2,059.49$0.00
Taxes / mo$136.83$136.83$136.83
Insurance / mo$166.67$166.67$166.67
MI / mo$136.32$136.32$89.10
HOA / mo$49.00$49.00$49.00
Total monthly$1,356.23$3,415.71$3,459.57
Cash to close$368,389$49,500$49,500