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$149,505$149,505$382,500
Remaining term (yrs)9.99.930.0
Secondary amount$0$232,995$0
Funding fee$0$0$0
Note rate6.600%6.600%7.400%
Blended rate7.450%7.633%7.640%
1st payment$1,705.22$1,705.22$2,648.35
2nd payment$0.00$1,504.76$0.00
Taxes / mo$126.25$126.25$126.25
Insurance / mo$150.00$150.00$150.00
MI / mo$189.13$189.13$76.50
HOA / mo$285.00$285.00$285.00
Total monthly$2,455.59$3,960.35$3,286.10
Cash to close$275,495$42,500$42,500