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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$47,803$47,803$193,491
Remaining term (yrs)18.618.630.0
Secondary amount$0$145,688$0
Funding fee$0$0$0
Note rate3.8%3.8%7.18%
Blended rate4.65%7.172%7.42%
1st payment$297.38$297.38$1,310.78
2nd payment$0.00$971.25$0.00
Taxes / mo$28.42$28.42$28.42
Insurance / mo$150.00$150.00$150.00
MI / mo$45.21$45.21$38.70
HOA / mo$265.00$265.00$265.00
Total monthly$786.01$1,757.26$1,792.89
Cash to close$167,187$21,499$21,499