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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$87,060$87,060$283,500
Remaining term (yrs)19.219.230.0
Secondary amount$0$196,440$0
Funding fee$0$0$0
Note rate3.76%3.76%7.18%
Blended rate4.61%6.959%7.42%
1st payment$528.60$528.60$1,920.53
2nd payment$0.00$1,309.60$0.00
Taxes / mo$54.33$54.33$54.33
Insurance / mo$150.00$150.00$150.00
MI / mo$80.75$80.75$56.70
HOA / mo$247.00$247.00$247.00
Total monthly$1,060.68$2,370.28$2,428.56
Cash to close$227,940$31,500$31,500