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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$115,036$115,036$220,410
Remaining term (yrs)15.415.430.0
Secondary amount$0$105,374$0
Funding fee$0$0$0
Note rate3.75%3.75%7.18%
Blended rate4.6%6.225%7.42%
1st payment$816.47$816.47$1,493.13
2nd payment$0.00$702.49$0.00
Taxes / mo$238.58$238.58$238.58
Insurance / mo$150.00$150.00$150.00
MI / mo$124.88$124.88$44.08
HOA / mo$399.00$399.00$399.00
Total monthly$1,728.94$2,431.43$2,324.80
Cash to close$129,864$24,490$24,490