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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$153,304$153,304$539,910
Remaining term (yrs)18.718.730.0
Secondary amount$0$386,606$0
Funding fee$0$0$0
Note rate3.87%3.87%7.18%
Blended rate4.72%6.89%7.42%
1st payment$956.35$956.35$3,657.54
2nd payment$0.00$2,496.83$0.00
Taxes / mo$196.42$196.42$196.42
Insurance / mo$166.67$166.67$166.67
MI / mo$144.15$144.15$107.98
HOA / mo$51.50$51.50$51.50
Total monthly$1,515.08$4,011.91$4,180.10
Cash to close$446,596$59,990$59,990