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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$93,318$93,318$337,500
Remaining term (yrs)18.218.230.0
Secondary amount$0$244,182$0
Funding fee$0$0$0
Note rate3.87%3.87%7.18%
Blended rate4.72%6.912%7.42%
1st payment$592.95$592.95$2,286.34
2nd payment$0.00$1,577.01$0.00
Taxes / mo$80.50$80.50$80.50
Insurance / mo$150.00$150.00$150.00
MI / mo$89.37$89.37$67.50
HOA / mo$33.00$33.00$33.00
Total monthly$945.82$2,522.83$2,617.34
Cash to close$281,682$37,500$37,500