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$149,095$149,095$386,100
Remaining term (yrs)19.519.530.0
Secondary amount$0$237,005$0
Funding fee$0$0$0
Note rate3.790%3.790%7.400%
Blended rate4.640%6.549%7.640%
1st payment$899.71$899.71$2,673.28
2nd payment$0.00$1,530.66$0.00
Taxes / mo$77.58$77.58$77.58
Insurance / mo$150.00$150.00$150.00
MI / mo$136.94$136.94$77.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,264.23$2,794.89$2,978.08
Cash to close$279,905$42,900$42,900