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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$132,861$132,861$350,910
Remaining term (yrs)16.216.230.0
Secondary amount$0$218,049$0
Funding fee$0$0$0
Note rate3.5%3.5%7.18%
Blended rate4.35%6.463%7.42%
1st payment$890.94$890.94$2,377.19
2nd payment$0.00$1,408.23$0.00
Taxes / mo$331.83$331.83$331.83
Insurance / mo$150.00$150.00$150.00
MI / mo$140.54$140.54$70.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,513.31$2,921.55$2,929.20
Cash to close$257,039$38,990$38,990