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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$45,549$45,549$180,000
Remaining term (yrs)19.919.930.0
Secondary amount$0$134,451$0
Funding fee$0$0$0
Note rate3.46%3.46%7.18%
Blended rate4.31%7.066%7.42%
1st payment$263.23$263.23$1,219.38
2nd payment$0.00$896.34$0.00
Taxes / mo$20.08$20.08$20.08
Insurance / mo$150.00$150.00$150.00
MI / mo$41.73$41.73$36.00
HOA / mo$0.00$0.00$0.00
Total monthly$475.05$1,371.38$1,425.47
Cash to close$154,451$20,000$20,000