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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$154,006$154,006$269,100
Remaining term (yrs)23.423.430.0
Secondary amount$0$115,094$0
Funding fee$0$0$0
Note rate3.47%3.47%7.18%
Blended rate4.32%5.894%7.42%
1st payment$799.47$799.47$1,822.98
2nd payment$0.00$767.29$0.00
Taxes / mo$48.00$48.00$48.00
Insurance / mo$150.00$150.00$150.00
MI / mo$126.58$126.58$53.82
HOA / mo$234.00$234.00$234.00
Total monthly$1,358.05$2,125.34$2,308.80
Cash to close$144,994$29,900$29,900