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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$129,065$129,065$476,991
Remaining term (yrs)16.016.030.0
Secondary amount$0$347,926$0
Funding fee$0$0$0
Note rate3.590%3.590%7.400%
Blended rate4.440%6.854%7.640%
1st payment$881.24$881.24$3,302.59
2nd payment$0.00$2,247.03$0.00
Taxes / mo$139.33$139.33$139.33
Insurance / mo$166.67$166.67$166.67
MI / mo$137.47$137.47$95.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,324.70$3,571.73$3,703.99
Cash to close$400,925$52,999$52,999