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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$140,757$140,757$265,410
Remaining term (yrs)22.222.230.0
Secondary amount$0$124,653$0
Funding fee$0$0$0
Note rate3.03%3.03%7.18%
Blended rate3.88%5.815%7.42%
1st payment$725.34$725.34$1,797.98
2nd payment$0.00$831.02$0.00
Taxes / mo$70.17$70.17$70.17
Insurance / mo$150.00$150.00$150.00
MI / mo$116.28$116.28$53.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,061.79$1,892.81$2,071.23
Cash to close$154,143$29,490$29,490