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$143,392$143,392$382,500
Remaining term (yrs)19.519.530.0
Secondary amount$0$239,108$0
Funding fee$0$0$0
Note rate3.640%3.640%7.400%
Blended rate4.490%6.528%7.640%
1st payment$851.68$851.68$2,648.35
2nd payment$0.00$1,544.24$0.00
Taxes / mo$111.33$111.33$111.33
Insurance / mo$150.00$150.00$150.00
MI / mo$132.04$132.04$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,245.05$2,789.29$2,986.19
Cash to close$281,608$42,500$42,500