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$205,466$205,466$305,910
Remaining term (yrs)23.323.330.0
Secondary amount$0$100,444$0
Funding fee$0$0$0
Note rate3.720%3.720%7.400%
Blended rate4.570%5.696%7.640%
1st payment$1,096.40$1,096.40$2,118.06
2nd payment$0.00$669.63$0.00
Taxes / mo$97.75$97.75$97.75
Insurance / mo$150.00$150.00$150.00
MI / mo$168.31$168.31$61.18
HOA / mo$97.00$97.00$97.00
Total monthly$1,609.46$2,279.08$2,523.99
Cash to close$134,434$33,990$33,990