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$146,096$146,096$397,800
Remaining term (yrs)21.021.030.0
Secondary amount$0$251,704$0
Funding fee$0$0$0
Note rate3.780%3.780%7.400%
Blended rate4.630%6.604%7.640%
1st payment$836.50$836.50$2,754.29
2nd payment$0.00$1,625.59$0.00
Taxes / mo$186.25$186.25$186.25
Insurance / mo$150.00$150.00$150.00
MI / mo$127.47$127.47$79.56
HOA / mo$0.00$0.00$0.00
Total monthly$1,300.23$2,925.81$3,170.10
Cash to close$295,904$44,200$44,200