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$101,654$101,654$125,991
Remaining term (yrs)24.924.930.0
Secondary amount$0$31,336$0
Funding fee$0$0$0
Note rate2.700%2.700%7.400%
Blended rate3.550%5.512%7.640%
1st payment$466.34$466.34$872.34
2nd payment$0.00$310.10$0.00
Taxes / mo$184.75$184.75$184.75
Insurance / mo$150.00$150.00$150.00
MI / mo$81.44$81.44$25.20
HOA / mo$80.83$80.83$80.83
Total monthly$963.37$1,273.47$1,313.11
Cash to close$38,336$7,000$13,999