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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$145,449$145,449$328,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$183,051$0
Funding fee$0$0$0
Note rate2.88%2.88%7.18%
Blended rate3.73%6.109%7.42%
1st payment$696.75$696.75$2,225.37
2nd payment$0.00$1,220.34$0.00
Taxes / mo$99.00$99.00$99.00
Insurance / mo$150.00$150.00$150.00
MI / mo$118.88$118.88$65.70
HOA / mo$98.00$98.00$98.00
Total monthly$1,162.63$2,382.97$2,638.07
Cash to close$219,551$36,500$36,500