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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$125,905$125,905$152,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$27,005$0
Funding fee$0$0$0
Note rate3.09%3.09%7.18%
Blended rate3.94%4.834%7.42%
1st payment$609.75$609.75$1,035.87
2nd payment$0.00$202.54$0.00
Taxes / mo$22.17$22.17$22.17
Insurance / mo$150.00$150.00$150.00
MI / mo$101.27$101.27$30.58
HOA / mo$182.00$182.00$182.00
Total monthly$1,065.19$1,267.73$1,420.61
Cash to close$43,995$16,990$16,990