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$92,932$92,932$337,499
Remaining term (yrs)16.216.230.0
Secondary amount$0$244,567$0
Funding fee$0$0$0
Note rate3.310%3.310%7.400%
Blended rate4.160%6.761%7.640%
1st payment$614.44$614.44$2,336.78
2nd payment$0.00$1,579.49$0.00
Taxes / mo$206.83$206.83$206.83
Insurance / mo$150.00$150.00$150.00
MI / mo$99.25$99.25$67.50
HOA / mo$98.00$98.00$98.00
Total monthly$1,168.53$2,748.02$2,859.11
Cash to close$282,067$37,500$37,500