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$237,644$237,644$314,999
Remaining term (yrs)25.125.130.0
Secondary amount$0$77,355$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%5.183%7.640%
1st payment$1,130.62$1,130.62$2,180.99
2nd payment$0.00$580.16$0.00
Taxes / mo$352.08$352.08$352.08
Insurance / mo$150.00$150.00$150.00
MI / mo$187.79$187.79$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,820.49$2,400.65$2,746.07
Cash to close$112,355$35,000$35,000