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$136,768$136,768$342,000
Remaining term (yrs)20.020.030.0
Secondary amount$0$205,232$0
Funding fee$0$0$0
Note rate3.480%3.480%7.400%
Blended rate4.330%6.382%7.640%
1st payment$787.27$787.27$2,367.94
2nd payment$0.00$1,325.45$0.00
Taxes / mo$314.42$314.42$314.42
Insurance / mo$150.00$150.00$150.00
MI / mo$124.49$124.49$68.40
HOA / mo$33.33$33.33$33.33
Total monthly$1,409.51$2,734.96$2,934.09
Cash to close$243,232$38,000$38,000