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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$132,457$132,457$202,410
Remaining term (yrs)23.223.230.0
Secondary amount$0$69,953$0
Funding fee$0$0$0
Note rate3.64%3.64%7.18%
Blended rate4.49%6.049%7.42%
1st payment$702.73$702.73$1,371.20
2nd payment$0.00$524.64$0.00
Taxes / mo$54.42$54.42$54.42
Insurance / mo$150.00$150.00$150.00
MI / mo$108.95$108.95$40.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,016.10$1,540.74$1,616.09
Cash to close$92,443$22,490$22,490