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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$155,344$155,344$247,500
Remaining term (yrs)23.023.030.0
Secondary amount$0$92,156$0
Funding fee$0$0$0
Note rate3.64%3.64%7.18%
Blended rate4.49%6.169%7.42%
1st payment$829.83$829.83$1,676.65
2nd payment$0.00$691.17$0.00
Taxes / mo$248.33$248.33$248.33
Insurance / mo$150.00$150.00$150.00
MI / mo$128.65$128.65$49.50
HOA / mo$315.00$315.00$315.00
Total monthly$1,671.81$2,362.98$2,439.48
Cash to close$119,656$27,500$27,500