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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$108,280$108,280$256,500
Remaining term (yrs)18.618.630.0
Secondary amount$0$148,220$0
Funding fee$0$0$0
Note rate3.84%3.84%7.18%
Blended rate4.69%6.603%7.42%
1st payment$675.84$675.84$1,737.62
2nd payment$0.00$988.14$0.00
Taxes / mo$83.83$83.83$83.83
Insurance / mo$150.00$150.00$150.00
MI / mo$102.24$102.24$51.30
HOA / mo$70.00$70.00$70.00
Total monthly$1,081.91$2,070.05$2,092.75
Cash to close$176,720$28,500$28,500