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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$71,316$71,316$234,000
Remaining term (yrs)15.715.730.0
Secondary amount$0$162,684$0
Funding fee$0$0$0
Note rate3.75%3.75%7.18%
Blended rate4.6%6.964%7.42%
1st payment$498.31$498.31$1,585.20
2nd payment$0.00$1,084.56$0.00
Taxes / mo$241.08$241.08$241.08
Insurance / mo$150.00$150.00$150.00
MI / mo$76.22$76.22$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$965.61$2,050.17$2,023.08
Cash to close$188,684$26,000$26,000