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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$151,282$151,282$341,910
Remaining term (yrs)19.819.830.0
Secondary amount$0$190,628$0
Funding fee$0$0$0
Note rate3.44%3.44%7.18%
Blended rate4.29%6.358%7.42%
1st payment$875.26$875.26$2,316.22
2nd payment$0.00$1,270.85$0.00
Taxes / mo$153.67$153.67$153.67
Insurance / mo$150.00$150.00$150.00
MI / mo$139.10$139.10$68.38
HOA / mo$80.00$80.00$80.00
Total monthly$1,398.02$2,668.88$2,768.27
Cash to close$228,618$37,990$37,990