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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$142,995$142,995$217,800
Remaining term (yrs)22.722.730.0
Secondary amount$0$74,805$0
Funding fee$0$0$0
Note rate3.75%3.75%7.18%
Blended rate4.6%6.111%7.42%
1st payment$777.58$777.58$1,475.45
2nd payment$0.00$561.04$0.00
Taxes / mo$99.83$99.83$99.83
Insurance / mo$150.00$150.00$150.00
MI / mo$118.93$118.93$43.56
HOA / mo$0.00$0.00$0.00
Total monthly$1,146.34$1,707.38$1,768.85
Cash to close$99,005$24,200$24,200