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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$154,343$154,343$341,910
Remaining term (yrs)22.822.830.0
Secondary amount$0$187,567$0
Funding fee$0$0$0
Note rate3.01%3.01%7.18%
Blended rate3.86%6.131%7.42%
1st payment$777.58$777.58$2,316.22
2nd payment$0.00$1,250.44$0.00
Taxes / mo$84.42$84.42$84.42
Insurance / mo$150.00$150.00$150.00
MI / mo$127.75$127.75$68.38
HOA / mo$36.67$36.67$36.67
Total monthly$1,176.42$2,426.86$2,655.69
Cash to close$225,557$37,990$37,990