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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$143,382$143,382$306,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$162,618$0
Funding fee$0$0$0
Note rate2.98%2.98%7.18%
Blended rate3.83%6.046%7.42%
1st payment$673.92$673.92$2,072.95
2nd payment$0.00$1,084.12$0.00
Taxes / mo$369.50$369.50$369.50
Insurance / mo$150.00$150.00$150.00
MI / mo$113.51$113.51$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,306.93$2,391.06$2,653.65
Cash to close$196,618$34,000$34,000