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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$101,123$101,123$359,100
Remaining term (yrs)15.515.530.0
Secondary amount$0$257,977$0
Funding fee$0$0$0
Note rate3.92%3.92%7.18%
Blended rate4.77%6.911%7.42%
1st payment$723.50$723.50$2,432.67
2nd payment$0.00$1,666.10$0.00
Taxes / mo$250.83$250.83$250.83
Insurance / mo$150.00$150.00$150.00
MI / mo$108.39$108.39$71.82
HOA / mo$54.00$54.00$54.00
Total monthly$1,286.72$2,952.82$2,959.32
Cash to close$297,877$39,900$39,900