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$101,301$101,301$211,410
Remaining term (yrs)24.024.030.0
Secondary amount$0$110,109$0
Funding fee$0$0$0
Note rate2.940%2.940%7.400%
Blended rate3.790%5.983%7.640%
1st payment$489.55$489.55$1,463.76
2nd payment$0.00$734.06$0.00
Taxes / mo$144.00$144.00$144.00
Insurance / mo$150.00$150.00$150.00
MI / mo$82.88$82.88$42.28
HOA / mo$85.00$85.00$85.00
Total monthly$951.43$1,685.50$1,885.04
Cash to close$133,599$23,490$23,490