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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$31,750$31,750$359,910
Remaining term (yrs)25.325.330.0
Secondary amount$0$328,160$0
Funding fee$0$0$0
Note rate3.11%3.11%7.18%
Blended rate3.96%7.416%7.42%
1st payment$150.73$150.73$2,438.16
2nd payment$0.00$2,119.37$0.00
Taxes / mo$109.50$109.50$109.50
Insurance / mo$150.00$150.00$150.00
MI / mo$24.97$24.97$71.98
HOA / mo$106.00$106.00$106.00
Total monthly$541.20$2,660.57$2,875.64
Cash to close$368,150$39,990$39,990