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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$135,491$135,491$331,470
Remaining term (yrs)19.719.730.0
Secondary amount$0$195,979$0
Funding fee$0$0$0
Note rate3.42%3.42%7.18%
Blended rate4.27%6.475%7.42%
1st payment$784.81$784.81$2,245.49
2nd payment$0.00$1,306.53$0.00
Taxes / mo$151.25$151.25$151.25
Insurance / mo$150.00$150.00$150.00
MI / mo$125.04$125.04$66.29
HOA / mo$225.00$225.00$225.00
Total monthly$1,436.09$2,742.62$2,838.04
Cash to close$232,809$36,830$36,830