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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$95,427$95,427$296,100
Remaining term (yrs)15.615.630.0
Secondary amount$0$200,673$0
Funding fee$0$0$0
Note rate3.78%3.78%7.18%
Blended rate4.63%6.744%7.42%
1st payment$670.80$670.80$2,005.88
2nd payment$0.00$1,296.01$0.00
Taxes / mo$118.42$118.42$118.42
Insurance / mo$150.00$150.00$150.00
MI / mo$102.22$102.22$59.22
HOA / mo$205.00$205.00$205.00
Total monthly$1,246.44$2,542.45$2,538.52
Cash to close$233,573$32,900$32,900