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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$108,622$108,622$215,910
Remaining term (yrs)18.518.530.0
Secondary amount$0$107,288$0
Funding fee$0$0$0
Note rate3.5%3.5%7.18%
Blended rate4.35%6.164%7.42%
1st payment$661.14$661.14$1,462.65
2nd payment$0.00$715.25$0.00
Taxes / mo$203.33$203.33$203.33
Insurance / mo$150.00$150.00$150.00
MI / mo$104.29$104.29$43.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,118.76$1,834.01$1,859.16
Cash to close$131,278$23,990$23,990