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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$146,114$146,114$337,410
Remaining term (yrs)20.620.630.0
Secondary amount$0$191,296$0
Funding fee$0$0$0
Note rate3.18%3.18%7.18%
Blended rate4.03%6.281%7.42%
1st payment$802.29$802.29$2,285.73
2nd payment$0.00$1,275.30$0.00
Taxes / mo$110.42$110.42$110.42
Insurance / mo$150.00$150.00$150.00
MI / mo$123.47$123.47$67.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,186.18$2,461.49$2,613.63
Cash to close$228,786$37,490$37,490