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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$82,539$82,539$319,500
Remaining term (yrs)19.419.430.0
Secondary amount$0$236,961$0
Funding fee$0$0$0
Note rate3.62%3.62%7.18%
Blended rate4.47%6.903%7.42%
1st payment$492.26$492.26$2,164.40
2nd payment$0.00$1,530.37$0.00
Taxes / mo$57.08$57.08$57.08
Insurance / mo$150.00$150.00$150.00
MI / mo$76.50$76.50$63.90
HOA / mo$10.00$10.00$10.00
Total monthly$785.85$2,316.23$2,445.39
Cash to close$272,461$35,500$35,500