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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$67,618$67,618$296,910
Remaining term (yrs)15.415.430.0
Secondary amount$0$229,292$0
Funding fee$0$0$0
Note rate3.9%3.9%7.18%
Blended rate4.75%7.067%7.42%
1st payment$484.99$484.99$2,011.37
2nd payment$0.00$1,480.84$0.00
Taxes / mo$182.50$182.50$182.50
Insurance / mo$150.00$150.00$150.00
MI / mo$72.83$72.83$59.38
HOA / mo$524.00$524.00$524.00
Total monthly$1,414.33$2,895.17$2,927.25
Cash to close$262,282$32,990$32,990