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$127,105$127,105$458,100
Remaining term (yrs)15.915.930.0
Secondary amount$0$330,995$0
Funding fee$0$0$0
Note rate3.530%3.530%7.400%
Blended rate4.380%6.815%7.640%
1st payment$867.41$867.41$3,171.79
2nd payment$0.00$2,137.68$0.00
Taxes / mo$136.83$136.83$136.83
Insurance / mo$166.67$166.67$166.67
MI / mo$136.32$136.32$91.62
HOA / mo$49.00$49.00$49.00
Total monthly$1,356.23$3,493.90$3,615.91
Cash to close$381,895$50,900$50,900