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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$89,218$89,218$314,100
Remaining term (yrs)16.616.630.0
Secondary amount$0$224,882$0
Funding fee$0$0$0
Note rate3.45%3.45%7.18%
Blended rate4.3%6.77%7.42%
1st payment$587.19$587.19$2,127.82
2nd payment$0.00$1,452.36$0.00
Taxes / mo$99.75$99.75$99.75
Insurance / mo$150.00$150.00$150.00
MI / mo$93.20$93.20$62.82
HOA / mo$0.00$0.00$0.00
Total monthly$930.14$2,382.50$2,440.39
Cash to close$259,782$34,900$34,900