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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$131,398$131,398$224,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$92,702$0
Funding fee$0$0$0
Note rate3.45%3.45%7.18%
Blended rate4.3%6.244%7.42%
1st payment$647.53$647.53$1,518.13
2nd payment$0.00$695.27$0.00
Taxes / mo$303.42$303.42$303.42
Insurance / mo$150.00$150.00$150.00
MI / mo$102.78$102.78$44.82
HOA / mo$355.00$355.00$355.00
Total monthly$1,558.73$2,254.00$2,371.37
Cash to close$117,602$24,900$24,900