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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$143,659$143,659$260,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$117,251$0
Funding fee$0$0$0
Note rate3.080%3.080%7.320%
Blended rate3.930%5.759%7.560%
1st payment$693.42$693.42$1,792.27
2nd payment$0.00$781.67$0.00
Taxes / mo$48.75$48.75$48.75
Insurance / mo$150.00$150.00$150.00
MI / mo$115.32$115.32$52.18
HOA / mo$278.00$278.00$278.00
Total monthly$1,285.48$2,067.15$2,321.20
Cash to close$146,241$28,990$28,990