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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$43,191$43,191$228,600
Remaining term (yrs)15.815.830.0
Secondary amount$0$185,409$0
Funding fee$0$0$0
Note rate3.49%3.49%7.18%
Blended rate4.34%7.308%7.42%
1st payment$295.04$295.04$1,548.62
2nd payment$0.00$1,236.06$0.00
Taxes / mo$37.92$37.92$37.92
Insurance / mo$150.00$150.00$150.00
MI / mo$46.60$46.60$45.72
HOA / mo$0.00$0.00$0.00
Total monthly$529.56$1,765.62$1,782.25
Cash to close$210,809$25,400$25,400