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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$122,435$122,435$463,500
Remaining term (yrs)16.116.130.0
Secondary amount$0$341,065$0
Funding fee$0$0$0
Note rate3.41%3.41%7.18%
Blended rate4.26%6.828%7.42%
1st payment$821.84$821.84$3,139.91
2nd payment$0.00$2,202.71$0.00
Taxes / mo$94.08$94.08$94.08
Insurance / mo$166.67$166.67$166.67
MI / mo$131.10$131.10$92.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,213.70$3,416.41$3,493.36
Cash to close$392,565$51,500$51,500