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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$138,623$138,623$297,000
Remaining term (yrs)19.819.830.0
Secondary amount$0$158,377$0
Funding fee$0$0$0
Note rate3.48%3.48%7.18%
Blended rate4.33%6.287%7.42%
1st payment$804.86$804.86$2,011.98
2nd payment$0.00$1,055.84$0.00
Taxes / mo$48.00$48.00$48.00
Insurance / mo$150.00$150.00$150.00
MI / mo$127.28$127.28$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,130.14$2,185.98$2,269.38
Cash to close$191,377$33,000$33,000