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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$133,992$133,992$351,000
Remaining term (yrs)23.323.330.0
Secondary amount$0$217,008$0
Funding fee$0$0$0
Note rate3.12%3.12%7.18%
Blended rate3.97%6.307%7.42%
1st payment$672.65$672.65$2,377.80
2nd payment$0.00$1,401.51$0.00
Taxes / mo$75.17$75.17$75.17
Insurance / mo$150.00$150.00$150.00
MI / mo$106.67$106.67$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,004.48$2,405.99$2,673.16
Cash to close$256,008$39,000$39,000