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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$109,421$109,421$358,020
Remaining term (yrs)19.519.530.0
Secondary amount$0$248,599$0
Funding fee$0$0$0
Note rate3.68%3.68%7.18%
Blended rate4.53%6.766%7.42%
1st payment$654.06$654.06$2,425.35
2nd payment$0.00$1,605.54$0.00
Taxes / mo$90.08$90.08$90.08
Insurance / mo$150.00$150.00$150.00
MI / mo$100.90$100.90$71.60
HOA / mo$0.00$0.00$0.00
Total monthly$995.05$2,600.58$2,737.04
Cash to close$288,379$39,780$39,780