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$136,282$136,282$634,410
Remaining term (yrs)18.718.730.0
Secondary amount$0$498,128$0
Funding fee$0$0$0
Note rate3.840%3.840%7.400%
Blended rate4.690%7.093%7.640%
1st payment$848.05$848.05$4,392.53
2nd payment$0.00$3,217.08$0.00
Taxes / mo$587.42$587.42$587.42
Insurance / mo$216.67$216.67$216.67
MI / mo$128.29$128.29$126.88
HOA / mo$112.00$112.00$112.00
Total monthly$1,892.42$5,109.50$5,435.49
Cash to close$568,618$70,490$70,490