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$138,624$138,624$292,410
Remaining term (yrs)19.519.530.0
Secondary amount$0$153,786$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%6.341%7.640%
1st payment$826.48$826.48$2,024.59
2nd payment$0.00$1,025.24$0.00
Taxes / mo$185.92$185.92$185.92
Insurance / mo$150.00$150.00$150.00
MI / mo$127.97$127.97$58.48
HOA / mo$180.00$180.00$180.00
Total monthly$1,470.37$2,495.61$2,598.99
Cash to close$186,276$32,490$32,490