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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$145,547$145,547$319,500
Remaining term (yrs)20.820.830.0
Secondary amount$0$173,953$0
Funding fee$0$0$0
Note rate3.96%3.96%7.18%
Blended rate4.81%6.547%7.42%
1st payment$853.71$853.71$2,164.40
2nd payment$0.00$1,159.69$0.00
Taxes / mo$87.83$87.83$87.83
Insurance / mo$150.00$150.00$150.00
MI / mo$127.28$127.28$63.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,218.82$2,378.50$2,466.14
Cash to close$209,453$35,500$35,500