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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$101,924$101,924$382,500
Remaining term (yrs)20.720.730.0
Secondary amount$0$280,576$0
Funding fee$0$0$0
Note rate3.88%3.88%7.18%
Blended rate4.73%6.945%7.42%
1st payment$595.06$595.06$2,591.19
2nd payment$0.00$1,812.06$0.00
Taxes / mo$71.58$71.58$71.58
Insurance / mo$150.00$150.00$150.00
MI / mo$89.58$89.58$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$906.22$2,718.28$2,889.27
Cash to close$323,076$42,500$42,500