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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$142,658$142,658$337,500
Remaining term (yrs)23.023.030.0
Secondary amount$0$194,842$0
Funding fee$0$0$0
Note rate3.62%3.62%7.18%
Blended rate4.47%6.508%7.42%
1st payment$760.54$760.54$2,286.34
2nd payment$0.00$1,298.95$0.00
Taxes / mo$147.67$147.67$147.67
Insurance / mo$150.00$150.00$150.00
MI / mo$118.20$118.20$67.50
HOA / mo$105.00$105.00$105.00
Total monthly$1,281.41$2,580.36$2,756.51
Cash to close$232,342$37,500$37,500