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$67,301$67,301$170,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$103,609$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%6.386%7.640%
1st payment$323.80$323.80$1,183.35
2nd payment$0.00$690.73$0.00
Taxes / mo$221.75$221.75$221.75
Insurance / mo$150.00$150.00$150.00
MI / mo$54.05$54.05$34.18
HOA / mo$425.00$425.00$425.00
Total monthly$1,174.60$1,865.33$2,014.28
Cash to close$122,599$18,990$18,990