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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$112,727$112,727$423,000
Remaining term (yrs)15.315.330.0
Secondary amount$0$310,273$0
Funding fee$0$0$0
Note rate3.75%3.75%7.11%
Blended rate4.6%6.911%7.35%
1st payment$803.27$803.27$2,845.55
2nd payment$0.00$2,003.85$0.00
Taxes / mo$440.67$440.67$440.67
Insurance / mo$166.67$166.67$166.67
MI / mo$122.86$122.86$84.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,533.47$3,537.31$3,537.48
Cash to close$357,273$47,000$47,000