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$113,177$113,177$436,500
Remaining term (yrs)15.415.430.0
Secondary amount$0$323,323$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%6.933%7.640%
1st payment$803.27$803.27$3,022.24
2nd payment$0.00$2,088.13$0.00
Taxes / mo$440.67$440.67$440.67
Insurance / mo$166.67$166.67$166.67
MI / mo$122.86$122.86$87.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,533.47$3,621.60$3,716.87
Cash to close$371,823$48,500$48,500