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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$135,492$135,492$395,100
Remaining term (yrs)18.418.430.0
Secondary amount$0$259,608$0
Funding fee$0$0$0
Note rate3.66%3.66%7.18%
Blended rate4.51%6.639%7.42%
1st payment$840.99$840.99$2,676.55
2nd payment$0.00$1,676.64$0.00
Taxes / mo$176.92$176.92$176.92
Insurance / mo$150.00$150.00$150.00
MI / mo$130.06$130.06$79.02
HOA / mo$61.67$61.67$61.67
Total monthly$1,359.63$3,036.27$3,144.15
Cash to close$303,508$43,900$43,900