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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$147,085$147,085$261,000
Remaining term (yrs)21.021.030.0
Secondary amount$0$113,915$0
Funding fee$0$0$0
Note rate3.78%3.78%7.18%
Blended rate4.63%6.101%7.42%
1st payment$844.34$844.34$1,768.10
2nd payment$0.00$759.43$0.00
Taxes / mo$47.08$47.08$47.08
Insurance / mo$150.00$150.00$150.00
MI / mo$128.67$128.67$52.20
HOA / mo$218.00$218.00$218.00
Total monthly$1,388.09$2,147.52$2,235.39
Cash to close$142,915$29,000$29,000