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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$175,716$175,716$359,910
Remaining term (yrs)21.021.030.0
Secondary amount$0$184,194$0
Funding fee$0$0$0
Note rate3.9%3.9%7.11%
Blended rate4.75%6.413%7.35%
1st payment$1,019.83$1,019.83$2,421.14
2nd payment$0.00$1,227.96$0.00
Taxes / mo$397.33$397.33$397.33
Insurance / mo$150.00$150.00$150.00
MI / mo$153.15$153.15$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,720.32$2,948.28$3,040.45
Cash to close$224,184$39,990$39,990