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$90,270$90,270$134,999
Remaining term (yrs)24.824.830.0
Secondary amount$0$44,729$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.543%7.640%
1st payment$428.10$428.10$934.71
2nd payment$0.00$335.47$0.00
Taxes / mo$32.50$32.50$32.50
Insurance / mo$150.00$150.00$150.00
MI / mo$72.11$72.11$27.00
HOA / mo$229.00$229.00$229.00
Total monthly$911.70$1,247.17$1,373.21
Cash to close$59,729$15,000$15,000