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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$123,829$123,829$405,000
Remaining term (yrs)16.116.130.0
Secondary amount$0$281,171$0
Funding fee$0$0$0
Note rate3.84%3.84%7.18%
Blended rate4.69%6.814%7.42%
1st payment$857.78$857.78$2,743.61
2nd payment$0.00$1,815.90$0.00
Taxes / mo$184.92$184.92$184.92
Insurance / mo$150.00$150.00$150.00
MI / mo$129.76$129.76$81.00
HOA / mo$125.00$125.00$125.00
Total monthly$1,447.46$3,263.35$3,284.53
Cash to close$326,171$45,000$45,000