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$111,178$111,178$215,100
Remaining term (yrs)17.617.630.0
Secondary amount$0$103,922$0
Funding fee$0$0$0
Note rate3.610%3.610%7.400%
Blended rate4.460%6.170%7.640%
1st payment$707.69$707.69$1,489.31
2nd payment$0.00$692.81$0.00
Taxes / mo$523.58$523.58$523.58
Insurance / mo$150.00$150.00$150.00
MI / mo$98.96$98.96$43.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,480.23$2,173.04$2,205.90
Cash to close$127,822$23,900$23,900