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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$145,720$145,720$384,300
Remaining term (yrs)21.021.030.0
Secondary amount$0$238,580$0
Funding fee$0$0$0
Note rate3.78%3.78%7.18%
Blended rate4.63%6.567%7.42%
1st payment$836.50$836.50$2,603.38
2nd payment$0.00$1,540.83$0.00
Taxes / mo$186.25$186.25$186.25
Insurance / mo$150.00$150.00$150.00
MI / mo$127.47$127.47$76.86
HOA / mo$0.00$0.00$0.00
Total monthly$1,300.23$2,841.06$3,016.49
Cash to close$281,280$42,700$42,700