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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$98,404$98,404$274,500
Remaining term (yrs)19.719.730.0
Secondary amount$0$176,096$0
Funding fee$0$0$0
Note rate3.54%3.54%7.18%
Blended rate4.39%6.706%7.42%
1st payment$576.04$576.04$1,859.56
2nd payment$0.00$1,173.98$0.00
Taxes / mo$63.67$63.67$63.67
Insurance / mo$150.00$150.00$150.00
MI / mo$90.42$90.42$54.90
HOA / mo$0.00$0.00$0.00
Total monthly$880.12$2,054.10$2,128.13
Cash to close$206,596$30,500$30,500