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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$138,219$138,219$292,410
Remaining term (yrs)19.419.430.0
Secondary amount$0$154,191$0
Funding fee$0$0$0
Note rate3.65%3.65%7.18%
Blended rate4.5%6.346%7.42%
1st payment$826.48$826.48$1,980.89
2nd payment$0.00$1,027.94$0.00
Taxes / mo$185.92$185.92$185.92
Insurance / mo$150.00$150.00$150.00
MI / mo$127.97$127.97$58.48
HOA / mo$180.00$180.00$180.00
Total monthly$1,470.37$2,498.31$2,555.29
Cash to close$186,681$32,490$32,490