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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$127,099$127,099$350,100
Remaining term (yrs)20.820.830.0
Secondary amount$0$223,001$0
Funding fee$0$0$0
Note rate3.92%3.92%7.18%
Blended rate4.77%6.668%7.42%
1st payment$742.80$742.80$2,371.70
2nd payment$0.00$1,440.22$0.00
Taxes / mo$101.50$101.50$101.50
Insurance / mo$150.00$150.00$150.00
MI / mo$111.28$111.28$70.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,105.58$2,545.80$2,693.22
Cash to close$261,901$38,900$38,900