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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$121,378$121,378$359,910
Remaining term (yrs)19.919.930.0
Secondary amount$0$238,532$0
Funding fee$0$0$0
Note rate3.43%3.43%7.18%
Blended rate4.28%6.58%7.42%
1st payment$699.58$699.58$2,438.16
2nd payment$0.00$1,540.52$0.00
Taxes / mo$120.08$120.08$120.08
Insurance / mo$150.00$150.00$150.00
MI / mo$111.32$111.32$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,080.99$2,621.51$2,780.22
Cash to close$278,522$39,990$39,990