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$44,296$44,296$215,910
Remaining term (yrs)19.419.430.0
Secondary amount$0$171,614$0
Funding fee$0$0$0
Note rate3.720%3.720%7.400%
Blended rate4.570%7.296%7.640%
1st payment$266.47$266.47$1,494.92
2nd payment$0.00$1,144.09$0.00
Taxes / mo$61.75$61.75$61.75
Insurance / mo$150.00$150.00$150.00
MI / mo$40.91$40.91$43.18
HOA / mo$217.00$217.00$217.00
Total monthly$736.12$1,880.22$1,966.85
Cash to close$195,604$23,990$23,990