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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$150,674$150,674$337,500
Remaining term (yrs)20.020.030.0
Secondary amount$0$186,826$0
Funding fee$0$0$0
Note rate3.42%3.42%7.11%
Blended rate4.27%6.335%7.35%
1st payment$865.16$865.16$2,270.38
2nd payment$0.00$1,245.51$0.00
Taxes / mo$313.33$313.33$313.33
Insurance / mo$150.00$150.00$150.00
MI / mo$137.84$137.84$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,466.33$2,711.84$2,801.22
Cash to close$224,326$37,500$37,500