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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$142,838$142,838$229,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$86,662$0
Funding fee$0$0$0
Note rate3.65%3.65%7.18%
Blended rate4.5%6.199%7.42%
1st payment$756.85$756.85$1,554.71
2nd payment$0.00$649.97$0.00
Taxes / mo$55.75$55.75$55.75
Insurance / mo$150.00$150.00$150.00
MI / mo$117.19$117.19$45.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,079.79$1,729.76$1,806.36
Cash to close$112,162$25,500$25,500