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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$141,812$141,812$269,999
Remaining term (yrs)23.023.030.0
Secondary amount$0$128,187$0
Funding fee$0$0$0
Note rate3.56%3.56%7.18%
Blended rate4.41%6.114%7.42%
1st payment$751.52$751.52$1,829.07
2nd payment$0.00$854.58$0.00
Taxes / mo$39.42$39.42$39.42
Insurance / mo$150.00$150.00$150.00
MI / mo$117.67$117.67$54.00
HOA / mo$335.00$335.00$335.00
Total monthly$1,393.60$2,248.18$2,407.48
Cash to close$158,187$30,000$30,000