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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$148,489$148,489$235,800
Remaining term (yrs)23.523.530.0
Secondary amount$0$87,311$0
Funding fee$0$0$0
Note rate3.49%3.49%7.18%
Blended rate4.34%6.065%7.42%
1st payment$770.63$770.63$1,597.39
2nd payment$0.00$654.83$0.00
Taxes / mo$44.58$44.58$44.58
Insurance / mo$150.00$150.00$150.00
MI / mo$121.71$121.71$47.16
HOA / mo$247.00$247.00$247.00
Total monthly$1,333.93$1,988.77$2,086.13
Cash to close$113,511$26,200$26,200